Argento Supplies, Inc Assuming Manufacturing Overhead Costs of $27,800, What Is the Amount

question 87

Multiple Choice

Argento Supplies, Inc. selected cost data for the year are shown below: $$\begin{array} { | l | r | } \hline \text { Work-in-Process Inventory, Jan. 1 } & \$ 5920 \\\hline \text { Direct Materials Used } & 101,000 \\\hline \text { Work-in-Process Inventory, Dec. 31 } & 2860 \\\hline \text { Cost of Goods Manufactured } & 193,100 \\\hline\end{array}$$ Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year?

• A) $64,300
• B) $190,040
• C) $61,240
• D) $128,800

---

Definitions:

Street Smarts

Practical knowledge and skills gained from experience outside formal learning environments, often related to urban survival.

Analytic Intelligence

The ability to assess problems logically, evaluate solutions, and make rational decisions.

Essay Exams

A type of examination where students are required to write detailed answers in essay format to questions posed by the examiner.

Fluid Intelligence

The ability to think logically and solve problems in novel situations, independent of acquired knowledge, which can decrease with age.