Jasper,Inc What Is the Cost of Goods Sold for March?
A)$3,100

question 13

Multiple Choice

Jasper,Inc.reports the following cost information for March: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 74,100 \\\hline \text { Manufacturing Overhead } & 18,500 \\\hline \text { Finished Goods Inventory, March 1 } & 4,000 \\\hline \text { Finished Goods Inventory, March 31 } & 2,700 \\\hline \text { Work-in-Process Inventory, March 1 } & 9,800 \\\hline \text { Work-in-Process Inventory, March 31 } & 1,400 \\\hline \text { Direct Materials Used } & 25,200 \\\hline\end{array}$$ What is the cost of goods sold for March?

• A)$3,100
• B)$72,800
• C)$75,400
• D)$78,100

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Definitions:

Operating Cost

Expenses associated with the day-to-day functions of a business, including costs for rent, utilities, and payroll.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Economic Value

A measure of the benefit provided by a good or service to an economic agent, often quantified in terms of willingness to pay or the added utility it offers.

Operating Cost

Expenses related to the day-to-day functioning of a business, such as rent, utilities, salaries, and equipment maintenance.