Selected Data Concerning the Past Year's Operations of the Wood

question 191

Multiple Choice

Selected data concerning the past year's operations of the Wood Corporation are as follows: $\begin{array}{lr}\text { Selling and administrative expenses } & \$ 300,000 \\\text { Direct materials used } & 530,000 \\\text { Direct labour (100,000 hours) } & 600,000 \\\text { Factory overhead application rate } & 5 \text { per DLH }\end{array}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Inventories }$$\begin{array}{lrr}& \underline{\text { Beginning }}& \underline{\text { Ending }}\\\text { Work in process } & \$ 150,000 & \$ 160,000 \\\text { Finished goods } & 80,000 & 50,000\end{array}$ What is the cost of goods sold?

• A)$1,600,000
• B)$1,630,000
• C)$1,650,000
• D)$1,880,000

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