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Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials $67,000 $45,600 $84,000 $94,000 $54,000 $53,000 $50,000 $116,000 $30,000 Wags paid to assembly line workers Wages paid to factory supervisor Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate direct materials used for Zoolander Inc.'s first quarter. OA. $36,000 OB. $28,600 OC. $50,000 OD. $71,400 $4,700 $9,200 $3,800 $525,000 $135,000 BITED

Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials $67,000 $45,600 $84,000 $94,000 $54,000 $53,000 $50,000 $116,000 $30,000 Wags paid to assembly line workers Wages paid to factory supervisor Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate direct materials used for Zoolander Inc.'s first quarter. OA. $36,000 OB. $28,600 OC. $50,000 OD. $71,400 $4,700 $9,200 $3,800 $525,000 $135,000 BITED

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 53P: Cost of Direct Materials, Cost of Goods Manufactured, Cost of Goods Sold Bisby Company manufactures...
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Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials $67,000 $45,600 $84,000 $94,000 OA. $36,000 B. $28,600 OC. $50,000 OD. $71,400 $54,000 $53,000 $50,000 $116,000 $30,000 Wags paid to assembly line workers Wages paid to factory supervisor Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate direct materials used for Zoolander Inc.'s first quarter. $4,700 $9,200 $3,800 $525,000 $135,000 Next
Transcribed Image Text:Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials $67,000 $45,600 $84,000 $94,000 OA. $36,000 B. $28,600 OC. $50,000 OD. $71,400 $54,000 $53,000 $50,000 $116,000 $30,000 Wags paid to assembly line workers Wages paid to factory supervisor Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate direct materials used for Zoolander Inc.'s first quarter. $4,700 $9,200 $3,800 $525,000 $135,000 Next
Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials Wages paid to assembly line workers Wages paid to factory supervisor Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate cost of goods sold for Zoolander Inc.'s first quarter. O A. $190,100 OB. $204,500 OC. $193,100 OD. $201,100 $64,000 $50,600 $90,000 $101,000 $47,000 $57,000 $49,000 $119,000 $27,000 $4,900 $9,100 $3,100 $525,000 $135,000 Next
Transcribed Image Text:Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st: Beginning Inventory for Raw Materials Ending Inventory for Raw Materials Beginning Inventory for Work in Process Ending Inventory for Work in Process Beginning Inventory for Finished Goods Ending Inventory for Finished Goods Purchases of Raw Materials Wages paid to assembly line workers Wages paid to factory supervisor Property insurance paid on factory Utilities for the factory Indirect materials used in production Sales Revenue General & Administrative Expenses Calculate cost of goods sold for Zoolander Inc.'s first quarter. O A. $190,100 OB. $204,500 OC. $193,100 OD. $201,100 $64,000 $50,600 $90,000 $101,000 $47,000 $57,000 $49,000 $119,000 $27,000 $4,900 $9,100 $3,100 $525,000 $135,000 Next
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