Keegan Corporation Reports the Following Cost Information for March What Is the Amount of Direct Materials Used by the

question 131

Multiple Choice

Keegan Corporation reports the following cost information for March: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 76,000 \\\hline \text { Manufacturing Overhead } & 18,900 \\\hline \text { Finished Goods Inventory, March 1 } & 4000 \\\hline \text { Finished Goods Inventory, March 31 } & 300 \\\hline \text { Work-in-Process Inventory, March 1 } & 9690 \\\hline \text { Work-in-Process Inventory, March 31 } & 1200 \\\hline \text { Direct Labor } & 37,000 \\\hline\end{array}$$ What is the amount of direct materials used by the company in March?

• A) $11,610
• B) $8490
• C) $18,100
• D) $20,100

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Definitions:

Global Mind-Set

An attitude or approach that considers the full spectrum of global and multicultural factors in decision-making and strategizing.

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The capability to influence and guide individuals or groups from different countries towards achieving organizational goals.

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