Hayward Manufacturing Company Developed the Following Data Hayward Manufacturing Company's Total Manufacturing Costs for the Period Is

question 58

Multiple Choice

Hayward Manufacturing Company developed the following data: $\begin{array}{lr}\text { Beginning work in process inventory } & \$ 900,000 \\\text { Direct materials used } & 700,000 \\\text { Actual overhead } & 1,100,000 \\\text { Overhead applied } & 800,000 \\\text { Cost of goods manufactured } & 1,200,000 \\\text { Ending work in process } & 1,500,000\end{array}$ Hayward Manufacturing Company's total manufacturing costs for the period is

• A)$1,900,000.
• B)$1,800,000.
• C)$1,300,000.
• D)cannot be determined from the data provided.

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Definitions:

Accumulated Depreciation

The cumulative depreciation expense charged to a fixed asset from the time it first became operational.

Net Noncurrent Assets

The total value of a company’s long-term assets minus any liabilities directly associated with those assets.

Accumulated Depreciation

The cumulative reduction in the value of a tangible asset due to wear and tear over time.

Earnings Per Share

A financial metric that divides a company's net income by the number of its outstanding shares, indicating how much money each share makes.