Vermont State,Inc

question 237

Multiple Choice

Vermont State,Inc.used $153,000 of direct materials and incurred $63,000 of direct labor costs during the year.Indirect labor amounted to $270,000,while indirect materials used totaled $53,000.Other operating costs pertaining to the factory included utilities of $135,500; maintenance of $70,260; repairs of $53,400; depreciation of $133,000; and property taxes of $74,640.There was no beginning or ending finished goods inventory,but Work-in-Process inventory began the year with a $5000 balance and ended the year with a $7400 balance. How much is the cost of goods manufactured?

• A) $12,400
• B) $1,003,400
• C) $1,010,800
• D) $1,005,800

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Definitions:

Complete Digestive System

A digestive system that has two separate openings for ingestion and egestion, allowing for a one-way flow of food and efficient digestion.

Flatworms

A group of invertebrates belonging to the phylum Platyhelminthes, characterized by their flattened bodies, bilateral symmetry, and lack of body cavity.

Anus

The opening at the end of the digestive tract through which feces exit the body.

Premolars

In mammals, teeth positioned between the canines and molars; adapted for crushing and grinding; compare with incisors, canines, and molars.