The accounting records of Bronco Company revealed the following information: - 15410

Solution Posted by
yousafbhutta

yousafbhutta

Rating : (28)C
Solution Detail
Price: $0.50
  • From: Business,
  • Posted on: Sun 24 Feb, 2013
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

The accounting records of Bronco Company revealed the following information:
 Raw materials used    $ 75,000  
 Direct labor    140,000  
 Manufacturing overhead    375,000  
 Work-in-process inventory, 1/1    65,000  
 Finished-goods inventory, 1/1    204,000  
 Work-in-process inventory, 12/31    91,000  
 Finished-goods inventory, 12/31    155,000  

Bronco's cost of goods manufactured is:
 
$613,000.

$564,000.
 
$616,000.
 
$567,000.
 
None of these.
                                       

Solution Description

 

The accounting records of Bronco Company revealed the following information:

 Raw materials used

$ 75,000  

 Direct labor

140,000