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

Recognize commonly used abbreviations and symbols in mechanical engineering drawings.

Understand the specifications and designations for threads, including UNC and metric systems.

Understand the basic requirements and designations for bearings and their applications in machinery.

Understand the effects of adding different elements to steel on its properties.

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