Use the Following Information to Compute the Total Manufacturing Costs

question 143

Multiple Choice

Use the following information to compute the total manufacturing costs incurred during the period:
$\begin{array}{lr}\text { Beginning raw materials } & \$ 5,500 \\\text { Ending raw materials } & 4,000 \\\text { Direct labor } & 12,250 \\\text { Raw material purchases } & 7,400 \\\text { Depreciation on factory equipment } & 6,500 \\\text { Factory repairs and maintenance } & 3,300 \\\text { Beginning finished goods inventory } & 10,200 \\\text { Ending finished goods inventory } & 8,900 \\\text { Beginning goods in process inventory } & 5,700 \\\text { Ending goods in process inventory } & 6,300\end{array}$

• A) $36,650
• B) $30,950
• C) $30,650
• D) $30,350
• E) $31,650

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Definitions:

Contractually Agreed-upon Fee

A fee that has been specifically negotiated and agreed upon within the terms of a contract.

Damages

A monetary compensation awarded to an individual for loss or injury as a result of the violation of legal rights.

Public Company Accounting Oversight Board

An organization established to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.

Sanctions

Penalties or measures imposed by a government or organization to enforce obedience or deter unacceptable behavior.