Multiple Choice Use the information below to answer the following question(s). Jupiter Inc. had the following activities in the year: Direct materials balance: $102,000 306,000 36,000 72,000 Beginning inventory Purchases Ending inventory Direct manufacturing labour Manufacturing overhead Ending work in process inventory Beginning work in process inventory Ending finished goods inventory Beginning finished goods inventory 68,000 20,000 4,000 80,000 120,000 1. What is Jupiter's cost of direct materials used during the year? a. $360,000 b. $356,000 c. $308,000 d. $364,000 e. $372,000 2. What is Jupiter's cost of goods sold? a. $536,000 b. $516,000 C. $440,000 d. $400,000 ernet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 1. What is Jupiter's cost of direct materials used during the year? a. $360,000 b. $356,000 C. $308,000 d. $364,000 e. $372,000 2. What is Jupiter's cost of goods sold? a. $536,000 b. $516,000 C. $440,000 d. $400,000 e. $464,000 3. What is Jupiter's cost of goods manufactured? a. $536,000 b. $496,000 C. $480,000 d. $512,000 e. $476,000 BUSI 2083 QUIZ BBA ONT o PP