Solved

Answer the Following Questions Using the Information Below:
Cathfree Inc

Question 85

Multiple Choice

Answer the following questions using the information below:
Cathfree Inc.expects to sell 35 000 athletic uniforms for $70 each in 2018.Direct materials costs are $20,direct manufacturing labour is $8,and manufacturing overhead is $6 for each uniform.The following inventory levels apply to 2017:
 Beginning inventory  Ending inventory  Direct materials 12000 units 10000 units  Work-in-process inventory 0 units 0 units  Finished goods inventory 6000 units 5000 units \begin{array} { l r r } & \text { Beginning inventory } & \text { Ending inventory } \\\text { Direct materials } & 12000 \text { units } & 10000 \text { units } \\\text { Work-in-process inventory } & 0 \text { units } & 0 \text { units } \\\text { Finished goods inventory } & 6000 \text { units } & 5000 \text { units }\end{array}
-What is the amount budgeted for cost of goods manufactured in 2018?


A) $986 000
B) $1 020 000
C) $1 156 000
D) $1 190 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents