Figure 2-13 Inventory Balances for the James Enterprises in February

question 64

Multiple Choice

Figure 2-13 Inventory balances for the James Enterprises in February 2011 are as follows:
During February, purchases of direct materials were $36,000.Direct labor and factory overhead costs were $60,000 and $84,000, respectively.
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Refer to Figure 2-13.What are the total manufacturing costs added?

• A) $ 186,000
• B) $ 180,000
• C) $ 144,000
• D) $ 174,200

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Definitions:

Television Sets

Electronic devices designed to receive broadcast signals and display them as visual images.

Substitutes

Products or services that serve as alternatives to each other, where a rise in the price of one results in a higher demand for its counterpart.

Substitutes

Products or services that can be used in place of each other, satisfying the same needs or wants.

Complements

are goods or services that are typically consumed or used together, where an increase in demand for one leads to an increase in demand for the other.