Leslie Manufacturing Reported the Following How Much of the Above Would Be Considered Period Costs

question 16

Multiple Choice

Leslie Manufacturing reported the following: $$\begin{array} { | l | r | } \hline\text { Revenue } & \$ 450,000 \\\hline \text { Beginning inventory of direct materials, January 1, 2015 } & 20,000 \\\hline \text { Purchases of direct materials } & 156,000 \\\hline \text { Ending inventory of direct materials, December 31, 2015 } & 18,000 \\\hline \text { Direct manufacturing labor } & 21,000 \\\hline \text { Indirect manufacturing costs } & 42,000 \\\hline \text { Beginning inventory of finished goods, January 1, 2015 } & 40,000 \\\hline \text { Cost of goods manufactured } & 114,000 \\\hline \text { Ending inventory of finished goods, December 31, 2015 } & 45,000 \\\hline \text { Operating costs } & 150,000 \\\hline\end{array}$$ How much of the above would be considered period costs for Leslie Manufacturing?

• A) $104,000
• B) $140,000
• C) $150,000
• D) $147,000

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Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.

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