Keegan Corporation Reports the Following Cost Information for March What Is the Amount of Direct Materials Used by the

question 19

Multiple Choice

Keegan Corporation reports the following cost information for March: $\begin{array} { l | r | } \hline \text { Cost of Goods Manufactured } & \$ 76,000 \\\hline \text { Manufacturing Overhead } & 18,900 \\\hline \text { Finished Goods Inventory, March 1 } & 4000 \\\hline \text { Finished Goods Inventory, March 31 } & 3000 \\\hline \text { Work-in-Process Inventory, March 1 } & 9690 \\\hline \text { Work-in-Process Inventory, March 31 } & 1200 \\\hline \text { Direct Labor } & 37,000 \\\hline\end{array}$ What is the amount of direct materials used by the company in March?

• A) $11,610
• B) $8490
• C) $18,100
• D) $20,100

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Definitions:

Outward

Often used in economics to refer to an expansion or increase, such as in outward economic growth, indicating increasing production, income, or development.

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Facilities in Iraq where crude oil is processed and refined into more useful petroleum products like gasoline and diesel.

Destroyed

Refers to something that has been severely damaged or ruined, often beyond repair or restoration.

Production Efficiency

A state in which goods and services are produced at the lowest possible cost while not wasting any resources.