Here Are Selected Data for Ansel Corporation - What Is the Finished Goods Ending Inventory?
A)$ 93,500

question 115

Multiple Choice

Here are selected data for Ansel Corporation: $\begin{array}{|l|r|l|r}\hline \text { Beginning raw materials inventory } & \$ 37,000 & \text { Beginning work in process inventory } & 61,500 \\\hline \text { Beginning finished goods inventory } & 57,500 & \text { Cost of materials purchased } & 151,000 \\\hline \text { Cost of direct materials requisitioned } & 91,300 & \text { Direct labor incurred } & 127,000 \\\hline \text { Actual manufacturing overhead } & 160,000 & \text { Cost of goods manufactured } & 293,000 \\\hline \text { Cost of goods sold } & 257,000 & \begin{array}{l}\text { Manufacturing overhead rate (\% of direct } \\\text { labor) }\end{array} & 120 \%\\\hline\end{array}$


- What is the finished goods ending inventory?

• A)$ 93,500
• B)$293,000
• C)$ 78,500
• D)$492,500

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