Foxburg Company Has the Following Information -
What Was the Direct Labor for the Period?
A)

question 57

Multiple Choice

Foxburg Company has the following information:
$$\begin{array} { l c c c } & \text { Work-in-Process } & \text { Finished Goods } & { \text { Materials } } \\\text { Begirnirg inventory } & \$ 300 & \$ 400 & \$ 500 \\\text { Endirg inventory } & \$ 4700 & \$ 900 & \$ 1,500 \\\text { Purchases of materials } & \$ 7,700 & & \\\text { Cost of Goods Sold } & \$ 15,600 & &\\\text { Manufacturing overhead}&\$ 4,300 \end{array}$$
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What was the direct labor for the period?

• A) $5,500.
• B) $5,800.
• C) $6,300.
• D) $6,800.

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Definitions:

Creditors

Individuals or institutions that lend money or extend credit to others, expecting repayment in the future with interest.

Debtors

Individuals or entities that owe money to another entity, typically as a result of borrowing funds.

Business Owners

Individuals who legally possess a company, assume major risks, and enjoy the benefits from its operation and growth.

Inventories

Quantities of goods or materials that a company holds for the purpose of sale or production at a given time.