Torid Company Processes 17,750 Gallons of Direct Materials to Produce

question 105

Multiple Choice

Torid Company processes 17,750 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $7 per gallon and Product Y, the main product, sells for $160 per gallon. The following information is for December:

The manufacturing costs totalled $27,000.
The production method will report Product X in the balance sheet at ________.

• A) $0
• B) $4800
• C) $875
• D) $20,000

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Definitions:

United States

A federal republic consisting of 50 states, a federal district, and various territories, known for its cultural and regional diversity.

Benjamin Banneker

An African American almanac author, surveyor, naturalist, and farmer known for his contributions to the planning of Washington, D.C., and his vocal opposition to slavery.

Literary Genre

A category of literary composition characterized by a particular style, form, or content, such as novel, poetry, or drama.

Almanacs

Annual publications that include information such as weather forecasts, farmers' planting dates, and various statistics and articles on a wide range of topics.