Hame Manufacturing Company reported the following year-end Information: (Raw materials Inventory, January 1 $400,000; Raw materials...
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Hame Manufacturing Company reported the following year-end Information: (Raw materials Inventory, January 1 $400,000; Raw materials inventory, December 31 $440,000; Work in process, January 1 $1,440,000; Work in process, December 31 $1,200,000; Raw materials purchased $1,280,000; Direct labor $1,200,000; Manufacturing overhead costs $960,000). Hame Manufacturing Company's cost of goods manufactured for the year Is: A $3,440,000. B $3,640,000. $3,680,000. D $2,960,000. Hame Manufacturing Company reported the following year-end Information: (Raw materials Inventory, January 1 $400,000; Raw materials inventory, December 31 $440,000; Work in process, January 1 $1,440,000; Work in process, December 31 $1,200,000; Raw materials purchased $1,280,000; Direct labor $1,200,000; Manufacturing overhead costs $960,000). Hame Manufacturing Company's cost of goods manufactured for the year Is: A $3,440,000. B $3,640,000. $3,680,000. D $2,960,000.
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B 3640000 Explanation Raw material inventory opening 400000 Raw material pu... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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