MC Question

1.Wasson Company reported the following year-end information:Beginning work in process inventory$35000 Beginning raw materials inventory18000 Ending work in process inventory 38000 Ending raw materials inventory 15000 Raw materials purchased 56000 Direct labor180000 Manufacturing overhead 120000How much is Wasson’s total cost of work in process for the year?a608000b863000c860000d8980002.Edmiston Company reported the following year-end information:beginning work in process inventory $80000;cost of goods manufactured 780000;beginning finished goods inventory 50000;ending work in process inventory 70,000;and ending finished goods inventory 40000. How much is Edmiston’s cost of goods sold for the year?a780000b790000c770000d8000003.Using the following information, compute the direct materials usedRaw materials inventory, Jan.1 $20000Raw materials inventory, Dec.31 40000Work in process, Jan.1 18000Work in process, Dec.31 12000Finished goods, Jan.1 40000Finished goods, Dec.31 32000Raw materials purchases(NNN) NNN-NNNNDirect labor 560000Factory utilities 150000Indirect labor 50000Factory depreciation 400000Operating expenses 420000a1460000b1420000c1400000d13800004.Assuming that the cost of goods manufactured is $2960000 compute the cost of goods sold using the following informationRaw materials inventory, Jan.1 $30000Raw materials inventory, Dec.31 60000Work in process, Jan.1 27000Work in process, Dec.31 18000Finished goods, Jan.1 60000Finished goods, Dec.31 48000Raw materials purchases(NNN) NNN-NNNNDirect labor 690000Factory utilities 225000Indirect labor 75000Factory depreciation 500000Operating expenses 630000a2969000b2912000c2948000d29720005.Samson Company reported total manufaturing costs of $300000,manufacturing overhead totaling $52000 and direct materials totaling $64000. How much is direct labor cost?a.Cannot be determined from the information providedb416000c416000d1840006.Given the following data for Mehring Company,compute (A) total manufacturing costs and (B) cost of goods manufactured:Direct materials used $230000 Beginning work in process 30000 Direct labor 150000 Ending work in process 15000 Manufacturing overhead 225000 Beginning finished goods 38000 Operating expenses 263000 Ending finished goods 23000 (A) (B)a$590000 620000b605000 590000c605000 620000d620000 6350007.Gulick Company developed the following data for the current year:Beginning work in process inventory $160,000Direct materials used 96,000Actual overhead 192,000Overhead applied 144,000Cost of goods manufactured 176,000Total manufacturing costs 480,0007-1 Gulick Company’s direct labor cost for the year isa.48,000b.240,000c.144,000d.192,0007-2 Gulick Company’s ending work in process inventory isa.464,000b.320,000c.304,000d.144,0008.Hayward Manufacturing Company eveloped the following data:Beginning work in process inventory 450000Direct materials used 350000Actual overhead 550000Overhead applied 400000Cost of goods manufactured 600000Ending work in process 750000Hayward Manufacturing Company’s total manufacturing costs for the period isa950,000b900,000c650,000d.cannot be determined from the data provided9.Greer Company developed the following data for the current year:Beginning work in process inventory $102000Direct materials used 156,000Actual overhead 132,000Overhead applied 138,000Cost of goods manufactured 675,000Total manufacturing costs 642,0009-1 How much is Greer Company’s direct labor cost for the year?a.381,000b.450,000c.348,000d.246,0009-2 How much is Greer Company’s ending work in process inventory for the year?a.69,000b.363,000c.63,000d.279,00010.Chmelar Manucfacturing Company developed the following data:Beginning work in process inventory $80,000Direct materials used 480,000Actual overhead 560,000Overhead applied 540,000Cost of goods manufactured 1,280,000Ending work in process 60,000How much are total manufacturing cost for the period?a.1,580,000b.1,260,000c.1,100,000d.1,220,00011.Maisley Company decided to analyze certain costs for June of the current year.Units started into production equaled 28,000 and ending work in process equaled 4,000.With no beginning work in process inventory,how much is the conversion cost per unit if ending work in process was 25% complete and total conversion costs equaled 105,000?a.$3.30b.3.75c.4.20d.2.1015.For the Assembly Department,unit materials cost is $8 and unit conversion cost is $12.If there are 10,000units in ending work in process 75% complete as to converstion costs, the costs to be assigned to the inventory area.200,000b.170,000c.150,000d.180,00017.In a production cost report,which one of the following sections is not shown under costs?a.Unit costsb.Costs to be accounted forc.Costs during the periodd.Units accounted for