Claire Corporation’s trial balance includes the following expenses:

Assuming no change in the work-in-process and finished goods inventory balances for the year, what total amount should Claire report as a product expense?

a. $171,500

b. $185,500

c. $186,500

d. $236,500

Transcribed Image Text:

Raw materials used in production Raw materials purchased.... General manager salary. Sales manager salary. Direct labor incurred.. General liability insurance premium Factory rent Office lease.. Factory utilities Depreciation on factory equipment. $ 5,500 6,500 50,000 30,000 130,000 3,000 24,000 18,000 12,000 14,000