Question: Please answer within the hour 1a. A manufacturing company has a beginning finished goods inventory of $15,800, raw material purchases of $19,200, cost of goods
Please answer within the hour
1a. A manufacturing company has a beginning finished goods inventory of $15,800, raw material purchases of $19,200, cost of goods manufactured of $34,900, and an ending finished goods inventory of $19,000. The cost of goods sold for this company is:
$50,700.
$22,400.
$34,900.
$31,700.
$30,000.
1b. Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:
| Work in Process, January 1 | $ | 51,600 | |
| Work in Process, December 31 | 37,800 | ||
| Direct materials used | $ | 13,300 | |
| Total manufacturing factory overhead | 6,300 | ||
| Direct labor used | 27,300 |
$98,500.
$60,700.
$13,800.
$46,900.
$92,200.
1c. Current information for the Healey Company follows:
| Beginning raw materials inventory | $ | 16,300 | |
| Raw material purchases | 61,100 | ||
| Ending raw materials inventory | 17,700 | ||
| Beginning work in process inventory | 23,500 | ||
| Ending work in process inventory | 29,100 | ||
| Direct labor | 43,900 | ||
| Total manufacturing factory overhead | 31,100 |
All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:
$59,700.
$62,500.
$77,400.
$61,100.
$78,800.
1d. Current information for the Healey Company follows:
| Beginning raw materials inventory | $ | 17,200 | |
| Raw material purchases | 62,000 | ||
| Ending raw materials inventory | 18,600 | ||
| Beginning work in process inventory | 24,400 | ||
| Ending work in process inventory | 30,000 | ||
| Direct labor | 44,000 | ||
| Total manufacturing factory overhead | 32,000 |
All raw materials used were traceable to specific units of product. Healey Company's cost of goods manufactured for the year is:
$143,000.
$136,600.
$133,800.
$142,200.
$131,000.
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