Horton Company produces and sells two products: round and square tables. In August 20x0, the budget projected the following for 20x1:
The tables are manufactured using the following direct materials:

Budgeted data for 20x1 direct materials are:

Budgeted data for 20x1 Direct labour and overhead are:

The cost of ending finished goods inventory of round tables for 20x1 is:
A)$662,500
B)$622,500
C)$562,500
D)$530,000

Question

Horton Company produces and sells two products: round and square tables. In August 20x0, the budget projected the following for 20x1: 
The tables are manufactured using the following direct materials:

Budgeted data for 20x1 direct materials are:

Budgeted data for 20x1 Direct labour and overhead are:

The cost of ending finished goods inventory of round tables for 20x1 is:
A)$662,500 
B)$622,500 
C)$562,500 
D)$530,000

Quizplus · Accepted Answer

The Answer of Horton Company produces and sells two products: round and square tables. In August 20x0, the budget projected the following for 20x1: 
The tables are manufactured using the following direct materials:

Budgeted data for 20x1 direct materials are:

Budgeted data for 20x1 Direct labour and overhead are:

The cost of ending finished goods inventory of round tables for 20x1 is:
A)$662,500 
B)$622,500 
C)$562,500 
D)$530,000

Horton Company Produces and Sells Two Products: Round and Square