The following information was extracted from the accounting records of Roosevelt Manufacturing Company: Direct materials purchased...............................................80,000 Direct
Question:
The following information was extracted from the accounting records of Roosevelt Manufacturing Company:
Direct materials purchased...............................................80,000
Direct materials used...........................................................76,000
Direct manufacturing labor costs.......................................10,000
Indirect manufacturing labor costs.....................................12,000
Sales salaries..........................................................................14,000
Other plant expenses............................................................22,000
Selling and administrative expenses...................................20,000
What was the cost of goods manufactured?
1. $124,000
2. $120,000
3. $154,000
4. $170,000
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Step by Step Answer:
Explanation Choice 2 is correct In this question the problem is to calculate the cost of go...View the full answer
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
