Wixpeda Facebook Citation Bng souevestment ie Ena Richards Compeny 3 (chapters 1

Question

Wixpeda Facebook Citation Bng souevestment ie Ena Richards Compeny 3 (chapters 18, 19, 20) 6 Hep Save & Exit Submt The Richards Company manufactures a single product. All raw materials used are traceable to specific units of product Current nformation for the Richards Company Sollows Beginning raw materials inventory 10,000 Ending raw materiala inventory Raw matertal parchases Beginning work in process inventory 0,000 Ending work in proceas inventory Direct labor Total factory overhead Beginning finished goods inventory 55,000 Ending finished goods inventory 12,000 90,000 25,000 130,000 60,000 5,000 The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is Mutiple Chaice 293,000 3303,900 88. 000 Prevof 36 Next >

Explanation / Answer

Cost of material used = 10000+90000-12000 = 88000

Cost of goods manufactured = 40000+130000+60000+88000-25000 = 293000

Cost of goods sold = 55000+293000-45000 = 303000

so answer is a) 88000;293000;303000

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