This Question: 1 pt 16 of 40 (7 compl River Falls Manufacturing uses a normal co

Question

This Question: 1 pt 16 of 40 (7 compl River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred $145,000 82,000 127,000 Factory overhead incured Cost of goods completed Cost of goods sold 140,000 288,000 248,000 25,000 63,000 Beginning direct materials inventory Beginning WIP inventory OA.$288,000 OB. S93,000 O C. $40,000 O D. $53,000 Click to select your answer MacBook Air esc F3 F5 FI F2

Explanation / Answer

Option B -$ 93,000 Ending balance of finished goods inventory Beginning finished goods inventory 53000 Add: Cost of goods completed 288000 Less: Cost of goods sold -248000 93000

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