-If Raw Materials Costing $35,000 Were Purchased During January,what Were

question 84

Multiple Choice

$\begin{array}{l}\text { Boardman Company reported the following data for the month of January: }\\\begin{array} { | l | r | r | } \hline \text { Inventories: } & \mathbf { 1 } / \mathbf { 1 } & \mathbf { 1 / 3 1 } \\\hline \text { Raw materials } & \$ 32,000 & \$ 31,000 \\\hline \text { Work in process } & \$ 18,000 & \$ 12,000 \\\hline \text { Finished goods } & \$ 30,000 & \$ 35,000 \\\hline\end{array}\end{array}$
$\begin{array} { | l | r | } \hline \text { Additional information: } & \\\hline \text { Sales revenue } & \$ 210,000 \\\hline \text { Direct labour costs } & \$ 40,000 \\\hline \text { Manufacturing overhead costs } & \$ 70,000 \\\hline \text { Selling expenses } & \$ 25,000 \\\hline \text { Administrative expenses } & \$ 35,000 \\\hline\end{array}$
-If raw materials costing $35,000 were purchased during January,what were the total manufacturing costs for the month?

• A) $145,000.
• B) $144,000.
• C) $151,000.
• D) $146,000.

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Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction in the ledger.

Organization Chart

A visual representation that shows the hierarchical structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Planning

Planning is the process of setting goals, defining strategies for achieving those goals, and developing plans to integrate and coordinate work activities across an organization or individual effort.

Expected Results

Anticipated outcomes or performance results based on specific actions, strategies, or processes.