18 . The Tyus Company has provided the following data for the month of July: raw
ID: 2355425 • Letter: 1
Question
18. The Tyus Company has provided the following data for the month of July: raw materials, July 1 $15,000, July 31 $?; work in process, July 1 $12,000, July 31 $10,000; finished goods, July 1, $2,000, and July 31 $7,000. Other July information is as follows: sales, $100,000; direct labor costs, $8,000; manufacturing overhead costs, $10,000; selling expenses, $12,000; administrative expenses, $13,000; cost of goods manufactured, $30,000; raw materials purchases, $9,000.The beginning finished goods inventory was: A)$4,000B)none of these
C)$3,500
D)$8,000
E)$5,000 18. The Tyus Company has provided the following data for the month of July: raw materials, July 1 $15,000, July 31 $?; work in process, July 1 $12,000, July 31 $10,000; finished goods, July 1, $2,000, and July 31 $7,000. Other July information is as follows: sales, $100,000; direct labor costs, $8,000; manufacturing overhead costs, $10,000; selling expenses, $12,000; administrative expenses, $13,000; cost of goods manufactured, $30,000; raw materials purchases, $9,000.The beginning finished goods inventory was: A)$4,000
B)none of these
C)$3,500
D)$8,000
E)$5,000 18. The Tyus Company has provided the following data for the month of July: raw materials, July 1 $15,000, July 31 $?; work in process, July 1 $12,000, July 31 $10,000; finished goods, July 1, $2,000, and July 31 $7,000. Other July information is as follows: sales, $100,000; direct labor costs, $8,000; manufacturing overhead costs, $10,000; selling expenses, $12,000; administrative expenses, $13,000; cost of goods manufactured, $30,000; raw materials purchases, $9,000.The beginning finished goods inventory was: A)$4,000
B)none of these
C)$3,500
D)$8,000
E)$5,000 The Tyus Company has provided the following data for the month of July: raw materials, July 1 $15,000, July 31 $?; work in process, July 1 $12,000, July 31 $10,000; finished goods, July 1, $2,000, and July 31 $7,000. Other July information is as follows: sales, $100,000; direct labor costs, $8,000; manufacturing overhead costs, $10,000; selling expenses, $12,000; administrative expenses, $13,000; cost of goods manufactured, $30,000; raw materials purchases, $9,000.The beginning finished goods inventory was:
Explanation / Answer
answer =c. 3500
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