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Author Question: Bradford, Inc., expects to sell 8,000 ceramic vases for $21 each. Direct materials costs are $4, ... (Read 215 times)

SGallaher96

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Bradford, Inc., expects to sell 8,000 ceramic vases for $21 each. Direct materials costs are $4, direct manufacturing labor is $10, and manufacturing overhead is $4 per vase. The following inventory levels apply to 2019:

Beginning inventoryEnding inventory
Direct materials3,000 units3,000 units
Work-in-process inventory0 units0 units
Finished goods inventory400 units800 units
On the 2019 budgeted income statement, what amount will be reported for cost of goods sold?
◦ $198,000
◦ $151,200
◦ $144,000
◦ $136,800


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Marked as best answer by SGallaher96 on Mar 6, 2021

connor417

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SGallaher96

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Reply 2 on: Mar 6, 2021
Excellent


cdmart10

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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