Chapter 002, Managerial Accounting and Cost Concepts

| October 3, 2018

88. The ending finished goods inventory was:

A.
$17,000
B.
$12,000

C. $7,000

D.
$2,000

Derflinger
Corporation reported the following data for the month of January:
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89. The total manufacturing cost for January was: A. $176,000
B. $74,000
C. $106,000 D. $172,000

90. The cost of goods manufactured for January was: A. $176,000
B. $172,000
C. $175,000 D. $177,000

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Chapter 002, Managerial Accounting and Cost Concepts

91. The cost of goods sold for January was: A. $126,000
B. $180,000
C. $255,000 D. $170,000

92. The net operating income for January was: A. $79,000
B. $70,000
C. $13,000 D. $5,000

Tator
Corporation reported the following data for the month of April:
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93. The cost of goods sold for April was:

A.
$178,000

B. $146,000

C.
$126,000

D.
$234,000

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Chapter 002, Managerial Accounting and Cost Concepts

94. The net operating income for April was:

A.
$22,000
B.
$81,000

C. $46,000

D.
$104,000

Weygandt
Corporation reported the following data for the month of February:
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95. The total manufacturing cost for February was: A. $90,000
B. $158,000 C. $67,000 D. $162,000

96. The net operating income for February was: A. $48,000
B. $6,000
C. $68,000 D. -$4,000

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Chapter 002, Managerial Accounting and Cost Concepts

Management
of Berndt Corporation has asked your help as an intern in preparing some key
reports for August. The beginning balance in the raw materials inventory
account was $33,000. During the month, the company made raw materials purchases
amounting to $62,000. At the end of the month, the balance in the raw materials
inventory account was $30,000. Direct labor cost was $46,000 and manufacturing
overhead was $74,000. The beginning balance in the work in process account was
$13,000 and the ending balance was $19,000. The beginning balance in the
finished goods account was $54,000 and the ending balance was $50,000. Sales
totaled $270,000. Selling expense was $18,000 and administrative expense was
$49,000.

97. The total manufacturing cost for August was: A. $185,000
B. $182,000
C. $120,000 D. $74,000

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