Using $3000000 as the Total Manufacturing Costs Compute the Cost

question 96

Multiple Choice

Using $3000000 as the total manufacturing costs compute the cost of goods manufactured using the following information. $\begin{array}{lr}\text { Raw materials inventory, January 1 } &\$ 20,000 \\\text { Raw materials inventory, December 31 } & 40,000 \\\text { Work in process, January 1 } & 18,000 \\\text { Work in process, December } 31 & 12,000 \\\text { Finished goods, January 1 } & 40,000 \\\text { Finished goods, December 31 } & 32,000 \\\text { Raw materials purchases } & 1,700,000 \\\text { Direct labor } & 760,000 \\\text { Factory utilities } & 150,000 \\\text { Indirect labor } & 50,000 \\\text { Factory depreciation } & 400,000 \\\text { Operating expenses } & 420,000\end{array}$

• A)$3014000.
• B)$2994000.
• C)$3006000.
• D)$3008000.

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High-Growth Asian Economies

Asian countries that have experienced significant and rapid economic growth, typically through industrialization.

Federal Expenditures

Government spending or outlays, funded by tax collections and other revenues, on programs, projects, and activities.

Income Transfers

Payments made by the government to individuals without any expectation of goods or services being provided in return, aimed at redistributing wealth and reducing poverty.

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