Burson, Inc. uses a job-order costing system. It reported the following amounts

Question

Burson, Inc. uses a job-order costing system. It reported the following amounts for March:
Work in process, March 1 $35,000 Finished goods, March 1 $12,800 Work in process, March 31 31,000 Finished goods, March 31 15,200 Cost of goods manufactured 182,000 Raw materials, March 1 15,300 Direct labor used 56,000 Raw materials, March 31 17,800 Selling costs incurred 33,000 Direct materials used 66,000
How much will Burson report as cost of goods sold for the month of March? Answer                                                   A.            $182,000                             B.            $184,400                             C.            $179,600                             D.            4186,000 Burson, Inc. uses a job-order costing system. It reported the following amounts for March:
Work in process, March 1 $35,000 Finished goods, March 1 $12,800 Work in process, March 31 31,000 Finished goods, March 31 15,200 Cost of goods manufactured 182,000 Raw materials, March 1 15,300 Direct labor used 56,000 Raw materials, March 31 17,800 Selling costs incurred 33,000 Direct materials used 66,000
How much will Burson report as cost of goods sold for the month of March? Burson, Inc. uses a job-order costing system. It reported the following amounts for March:
Work in process, March 1 $35,000 Finished goods, March 1 $12,800 Work in process, March 31 31,000 Finished goods, March 31 15,200 Cost of goods manufactured 182,000 Raw materials, March 1 15,300 Direct labor used 56,000 Raw materials, March 31 17,800 Selling costs incurred 33,000 Direct materials used 66,000
How much will Burson report as cost of goods sold for the month of March? Work in process, March 1 $35,000 Finished goods, March 1 $12,800 Work in process, March 31 31,000 Finished goods, March 31 15,200 Cost of goods manufactured 182,000 Raw materials, March 1 15,300 Direct labor used 56,000 Raw materials, March 31 17,800 Selling costs incurred 33,000 Direct materials used 66,000
How much will Burson report as cost of goods sold for the month of March? $182,000 $184,400 $179,600 4186,000 Work in process, March 1 $35,000 Finished goods, March 1 $12,800 Work in process, March 31 31,000 Finished goods, March 31 15,200 Cost of goods manufactured 182,000 Raw materials, March 1 15,300 Direct labor used 56,000 Raw materials, March 31 17,800 Selling costs incurred 33,000 Direct materials used 66,000

Explanation / Answer

B.$184,400

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