For Last Year,Lewisburn Manufacturing Reported the Following How Much of the Above Would Be Considered Period Costs

question 265

Multiple Choice

For last year,Lewisburn Manufacturing reported the following:
$\begin{array}{|l|r|}\hline \text { Revenue } & \$ 420,000 \\\hline \text { Beginning inventory of direct materials, January 1 } & 22,000 \\\hline \text { Purchases of direct materials } & 146,000 \\\hline \text { Ending inventory of direct materials, December 31 } & 16,000 \\\hline \text { Direct manufacturing labour } & 40,000 \\\hline \text { Indirect manufacturing costs } & 35,000 \\\hline \text { Beginning inventory of finished goods, January 1 } & 104,000 \\\hline \text { Cost of goods manufactured } & 36,000 \\\hline \text { Ending inventory of finished goods, December 31 } & 140,000\\\hline \end{array}$
How much of the above would be considered period costs for Lewisburn Manufacturing?

• A)$246 000
• B)$140 000
• C)$104 000
• D)$390 000

Grasp the physical properties of matter, including mass and volume.

Comprehend the flow of electrical current and its practical implications.

Understand the principles of like and unlike charges and how they interact.

Define and distinguish between conductors, semiconductors, and insulators based on electron configuration.

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Definitions:

Carbohydrates

Organic compounds, including sugars, starch, and cellulose, which are an important source of energy for the body; found in a variety of foods.

Butter

A dairy product made from churning milk or cream, commonly used as a spread or cooking ingredient, known for its rich flavor and high-fat content.

Thiamine

A vitamin belonging to the B complex (Vitamin B1), essential for glucose metabolism and plays a key role in nerve, muscle, and heart function.

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