Cromuel Corporation Has Provided the Following Data for January

question 37

Multiple Choice

Cromuel Corporation has provided the following data for January. The beginning balance in the raw materials inventory account was $27,000. During the month, the company made raw materials purchases amounting to $50,000. At the end of the month, the balance in the raw materials inventory account was $24,000. Direct labor cost was $53,000 and manufacturing overhead was $70,000. The beginning balance in the work in process account was $14,000 and the ending balance was $12,000. The beginning balance in the finished goods account was $33,000 and the ending balance was $51,000. Sales totaled $270,000. Selling expense was $21,000 and administrative expense was $48,000.
-The total manufacturing cost for January was:

• A) $70,000
• B) $123,000
• C) $176,000
• D) $173,000

---

Definitions:

Human Capital

The abilities, expertise, and experiences held by a person or a group, considered for their worth or expense to a business or nation.

Labour Market

The supply and demand for workers, in which employees look for employment and employers seek candidates.

Numerical Estimate

A quantified approximation or prediction about a certain quantity or outcome.

HR Requirements

The specific needs or qualifications an organization requires from its human resources including skills, experience, and education for employment.