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

question 103

Short Answer

Given the following data for Glennon Company compute (A) total manufacturing costs and (B) costs of goods manufactured: $\begin{array}{lrlr}\text { Direct materials used } & \$ 270,000 & \text { Beginning work in process } & \$ 40,000 \\\text { Direct labor } & 200,000 & \text { Ending work in process } & 20,000\\\text { Manufacturing overhead } & 250,000 & \text { Beginning finished goods } & 50,000 \\\text { Operating expenses } & 350,000 & \text { Ending finished goods } & 30,000\\\end{array}$

$\begin{array}{lll} &(A) &(B) \\\text { a. } & \$ 700,000 & \$ 740,000 \\\text { b. } & \$ 720,000 & \$ 700,000 \\\text { c. } & \$ 720,000 & \$ 740,000 \\\text { d. } & \$ 740,000 & \$ 760,000\end{array}$

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Definitions:

Crowdsourcing

The method of gathering data, insights, or materials by requesting input from a broad audience, often the online community.

Decision Making

The process of making a choice or finding a solution among several alternatives, often involving judgement and analysis.

Crowdsourcing

The method of gathering data, insights, or material by requesting input from a wide audience, often an internet community.

Decision Making

The process of identifying and choosing alternatives based on the values and preferences of the decision-maker.