Figure 2-2

question 143

Multiple Choice

Figure 2-2. Lonborg Co.had the following beginning and ending inventory balances for the year ended December 31,2011:
In addition,direct labor costs of $30,000 were incurred,overhead equaled $42,000,materials purchased were $27,000 and selling and administrative costs were $22,000.Lonborg Co.sold 25,000 units of product during the year at a sales price of $5.00 per unit.
Refer to Figure 2-2.What were the total manufacturing costs for the year?

• A)$101,000
• B)$102,000
• C)$123,000
• D)$106,500

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Definitions:

Adolescence

The phase of transition in physical and mental growth happening typically from puberty to the age of legal maturity.

Growth Spurt

A rapid increase in growth, especially height and weight, often occurring during puberty.

Intellectual Growth

The development of mental faculties and acquisition of knowledge and understanding.

Critical Period

A specific time during development when the presence or absence of certain experiences has a profound effect on the development of the individual.