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Figure 2-2

question 210

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Figure 2-2.Lonborg Co. had the following beginning and ending inventory balances for the year ended December 31, 2011:
Figure 2-2.Lonborg Co. had the following beginning and ending inventory balances for the year ended December 31, 2011:    In addition, direct labor costs of $30,000 were incurred, overhead equaled $42,000, materials purchased were $27,000 and selling and administrative costs were $22,000. Lonborg Co. sold 25,000 units of product during the year at a sales price of $5.00 per unit. -Refer to Figure 2-2. What was the amount of cost of goods manufactured for the year? A)  $101,000 B)  $124,000 C)  $100,000 D)  $102,000 In addition, direct labor costs of $30,000 were incurred, overhead equaled $42,000, materials purchased were $27,000 and selling and administrative costs were $22,000. Lonborg Co. sold 25,000 units of product during the year at a sales price of $5.00 per unit.
-Refer to Figure 2-2. What was the amount of cost of goods manufactured for the year?

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