UNIT 1 QUIZ
Question 13. Question : Assume the following information
pertaining to a Company:
Prime costs = $195,000
Conversion Costs = $221,000
Direct Materials used = $85,000
Beginning Work-in-Process = $98,000
Ending Work-in-Process = $81,000
Cost of goods manufactured is calculated to be:
Student Answer:
$289,000.
$348,000.
$314,000.
$297,000.
$323,000.
Question 14. Question : Factory overhead costs for a given
period were 2 times as much as