Given the Following Data for Mehring Company Compute (A) Total

question 174

Short Answer

Given the following data for Mehring Company compute (A) total manufacturing costs and (B) cost of goods manufactured: $\begin{array} { l r l r } \text { Direct materials used } & \$ 230,000 & \text { Beginning work in process } & \$ 30,000 \\\text { Direct labor } & 150,000 & \text { Ending work in process } & 15,000 \\\text { Manufacturing overhead } & 255,000 & \text { Beginning finished goods } & 38,000 \\\text { Operating expenses } & 263,000 & \text { Ending finished goods } & 23,000 \\\end{array}$

$\begin{array}{llr}& &&\underline{\text {A}}&&&&& \underline{\text {B}}\\\end{array}$
A) $\begin{array}{lll} & \$ 620,000 & \$ 650,000 \\\end{array}$
B) $\begin{array}{lll} & \$ 635,000 & \$ 620,000 \\\end{array}$
C) $\begin{array}{lll}& \$ 635,000 & \$ 650,000 \\\end{array}$
D) $\begin{array}{lll} & \$ 650,000 & \$ 665,000\end{array}$

• A)\(\begin{array}{lll} & \$ 620,000 & \$ 650,000 \\\end{array}\)
• B)\(\begin{array}{lll} & \$ 635,000 & \$ 620,000 \\\end{array}\)
• C)\(\begin{array}{lll}& \$ 635,000 & \$ 650,000 \\\end{array}\)
• D)\(\begin{array}{lll} & \$ 650,000 & \$ 665,000
• \end{array}\)

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Definitions:

Ounces

A unit of weight typically used in the United States and the United Kingdom, equal to one-sixteenth of a pound.

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating a confidence interval within which the true population parameter is expected to lie.

Confidence Level

The degree of certainty or probability that the values of parameters fall within a specified range in the context of statistical analysis.

Sample Size

The number of observations or replicas included in a statistical sample.