Barricades Corporation Provided the Following Information for the Year 2015

question 77

Multiple Choice

Barricades Corporation provided the following information for the year 2015: $$\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 24,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 56,000 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 84,000 \\\hline \text { Ending Balance - Raw Materials Inventory } & 60,000 \\\hline \text { Purchases-Raw Materials } & 360,000 \\\hline \text { Direct Labor } & 470,000 \\\hline \text { Indirect Materials } & 47,000 \\\hline \text { Indirect Labor } & 19,000 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 24,000 \\\hline \text { Plant Utilities \& Insurance } & 270,000\\\hline\end{array}$$ What was the amount of manufacturing overhead costs?

• A) $360,000
• B) $313,000
• C) $90,000
• D) $336,000

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Definitions:

Base Year

A reference year used for comparative financial analysis in which indices or prices are normalized to 100.

Consumer Price Index

A scale that quantifies the average alteration over time in the prices that urban buyers allocate for a specific group of consumer products and services.

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