Supplies Company provided the following information for the year inning Balance

Question

Supplies Company provided the following information for the year inning Balance Work- in-Process Inventory $24,000 58,000 85,000 Balance Work-in-Process Inventory nding Balance Direct Materials Inventory Direct Materials irect Labor 470,000 21,000 24,000 268,000 Plant and E lant Utilities and Insurance hat was the amount of the manufacturing overhead costs? A) $491,000 B) $292,000 ) $45,000 D) $313,000 ika, a division manager, is purchasing materials to ensure she has enough to meet customers mands. Anika is engaging in the A) directing function O planning function 2) B) decision function ich of the following describes the cost of goods manufactur ) the total cost of all goods that were completed, or partially completed during the period the cost of the goods that were sold during the period the cost of those goods that were completed during the period the total costs in inventory at the end of the period ed? 3) uaryl,Standard Manufacturing had a beginning balance in Work-in-Process Inventory of D and a beginning balance in Finished Goods Inventory of $21,000. During the year, Standard d manufacturing costs of $354,000 4) the year, the following transactions occurred: 2 was completed for a total cost of $120,000 and was sold for $126,000. was completed for a total cost of $203,000 and was sold for $210,000. was completed for a total cost $60,000 but was not sold as of year-end. acturing Overhead account had an unadjusted credit balance of $12,000 and was adjuste r-end amount of gross profit reported by Standard at the end of the year? B) $6000 ) $13,000 D) $7000

Explanation / Answer

Indirect labour $    21,000 Depreciation on factory plant and equipment $    24,000 Plan utilities and insurance $ 268,000 Manufacturing overhead $ 313,000

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