Dipaola Corporation Has Provided the Following Data Concerning Last Month's

question 53

Multiple Choice

Dipaola Corporation has provided the following data concerning last month's operations. How much is the direct materials cost for the month on the Schedule of Cost of Goods Manufactured?

• A) $38,000
• B) $32,000
• C) $14,000
• D) $26,000

---

Definitions:

Future Value

The value of an asset or sum of money at a specific future date, calculated by applying expected rates of growth or interest.

Compounded Monthly

Interest calculation method where the interest is added to the principal each month, and the total becomes the principal for the next calculation.

Annuity

An investment option that guarantees fixed payments over time to the holder, frequently adopted as a component of retirement planning.

Purchase Funds

Money allocated or spent for acquiring goods, services, or assets.