Question: Help with 12, 13 & 14. Please show work. :) QUESTION 12 Craft Manufacturing Company's accounting records reflect the following inventories: Raw materials inventory (Dec.

Help with 12, 13 & 14. Please show work. :)

QUESTION 12

Craft Manufacturing Company's accounting records reflect the following inventories:

Raw materials inventory (Dec. 31,2007) $275,000

Raw materials inventory (Dec. 31, 2008) $300,000

Work in process inventory (Dec. 31, 2008) $100,000

Work in process inventory (Dec. 31, 2007) $160,000

Finished goods inventory (Dec. 31, 2008) $400,000

Finished goods inventory (Dec. 31, 2007) $230,000

During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. Craft Manufacturing Company's total manufacturing costs incurred in 2008 amounted to

A. $1,875,000.

B. $1,925,000.

C. $1,825,000.

D. $1,465,000.

QUESTION 13

Craft Manufacturing Company's accounting records reflect the following inventories:

Raw materials inventory (Dec. 31,2007) $275,000

Raw materials inventory (Dec. 31, 2008) $300,000

Work in process inventory (Dec. 31, 2008) $100,000

Work in process inventory (Dec. 31, 2007) $160,000

Finished goods inventory (Dec. 31, 2008) $400,000

Finished goods inventory (Dec. 31, 2007) $230,000

During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. Compute the cost of goods manufactured for 2008 for Craft Manufacturing Company.

A. $1,875,000.

B. $1,825,000.

C. $1,935,000.

D. d. $1,775,000.

QUESTION 14

Craft Manufacturing Company's accounting records reflect the following inventories:

Raw materials inventory (Dec. 31,2007) $275,000

Raw materials inventory (Dec. 31, 2008) $300,000

Work in process inventory (Dec. 31, 2008) $100,000

Work in process inventory (Dec. 31, 2007) $160,000

Finished goods inventory (Dec. 31, 2008) $400,000

Finished goods inventory (Dec. 31, 2007) $230,000

During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. Compute the cost of goods sold for 2008 for Craft Manufacturing Company.

A. $2,165,000.

B. $1,765,000.

C. $1,625,000.

D. 2,225,000.

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