ComPrint Co In Addition, Direct Labour Costs of $30,000 Were Incurred, Overhead

question 204

Multiple Choice

ComPrint Co. had the following beginning and ending inventory balances for the year ended December 31: $$\begin{array} { l c c } & \text { January 1 } & \text { December } 31 \\\text { Materials } & \$ 10,000 & \$ 8,000 \\\text { Work in Process } & \$ 18,000 & \$ 17,000 \\\text { Finished Goods } & \$ 21,000 & \$ 16,500\end{array}$$
In addition, direct labour costs of $30,000 were incurred, overhead equalled $42,000, materials purchased were $27,000, and selling and administrative costs were $22,000. ComPrint Co. sold 25,000 units of product during the year at a sales price of $5.00 per unit.

-Refer to the Figure.What was the amount of cost of goods sold for the year?

• A)$97,500
• B)$102,000
• C)$106,500
• D)$128,500

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Definitions:

Su

A Linux command that switches from one user account to another.

Administrative Access

The highest level of permission granted to a user, allowing full control over software and hardware settings.

Linux Commands

Instructions or inputs typed into the terminal in Linux operating systems to perform specific operations, control files, or configure system settings.

UPS

Uninterruptible Power Supply, a backup power device that provides immediate power when the main power source fails, ensuring continuous operation of connected equipment.