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

Calculate raw materials inventory balances based on the given production needs and percentages.

Understand the concept of budgeted cost of goods sold and how it is estimated.

Calculate budgeted cash receipts and disbursements from given data.

Determine the budgeted accounts receivable balance based on sales collection patterns.

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Definitions:

Misleading Information

Incorrect or deceptive data that leads to erroneous conclusions or judgments.

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Signage technology that uses neon gas-filled tubes, which can be animated to create moving or flashing visual effects.

Physical Movement

Any bodily action or activity that involves the shifting of parts or the whole body from one position to another.

Illusion

A misleading or misinterpreted perception, causing a discrepancy between how something appears and reality.