The Accounting Records of Bronco Company Revealed the Following Information

question 65

Multiple Choice

The accounting records of Bronco Company revealed the following information: $$\begin{array} { l r } \text { Raw materials used } & \$ 60,000 \\\text { Direct labor } & 125,000 \\\text { Manufacturing overhead } & 360,000 \\\text { Work-in-process inventory, 1/1 } & 50,000 \\\text { Finished-goods inventory, 1/1 } & 189,000 \\\text { Work-in-process inventory, 12/31 } & 76,000 \\\text { Finished-goods inventory, } 12 / 31 & 140,000\end{array}$$ Bronco's cost of goods manufactured is:

• A) $519,000.
• B) $522,000.
• C) $568,000.
• D) $571,000.
• E) None of the other answers are correct.

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Definitions:

Management Style

The way a manager works with and oversees employees to achieve organizational goals.

Describing Practice

The act of explaining or detailing the methods and procedures within a particular area or profession.

First-Line Manager

A manager who is directly responsible for overseeing and supervising the daily activities of non-managerial employees.

Facing Upward

Refers to an attitude or strategy of focusing on higher goals, optimism, or progress.