Answer the Following Questions Using the Information Below:
Pilbara Co

question 187

Multiple Choice

Answer the following questions using the information below:
Pilbara Co Pty Ltd expects to sell 6000 ceramic vases for $20 each.Direct materials costs are $2,direct manufacturing labour is $10,and manufacturing overhead is $3 per vase.The following inventory levels apply to 2017:
$$\begin{array} { l r r } & \text { Beginning inventory } & \text { Ending inventory } \\\text { Direct materials } & 1000 \text { units } & 1000 \text { units } \\\text { Work-in-process inventory } & 0 \text { units } & 0 \text { units } \\\text { Finished goods inventory } & 400 \text { units } & 500 \text { units }\end{array}$$
-On the 2018 budgeted income statement,what amount will be reported for sales?

• A)$122 000
• B)$140 000
• C)$118 000
• D)$120 000

---

Definitions:

Solar System

The collection of eight planets and their moons in orbit around the sun, together with smaller bodies in the form of asteroids, meteoroids, and comets.

Hydrogen And Helium

The two lightest and most abundant elements in the universe, making up the majority of the observable matter, especially found in stars.

Large Red Spot

A massive, persistent storm located in Jupiter's atmosphere, known for its reddish hue and large size.

Impact Craters

Circular depressions on the surface of planets or moons formed by the collision with a meteorite or other celestial body.