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Author Question: First Class, Inc., expects to sell 26,000 pool cues for $14 each. Direct materials costs are $2, ... (Read 60 times)

cookcarl

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First Class, Inc., expects to sell 26,000 pool cues for $14 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is $0.89 per pool cue. The following inventory levels apply to 2019:

Beginning inventoryEnding inventory
Direct materials31,000 units31,000 units
Work-in-process inventory0 units0 units
Finished goods inventory1,800 units3,300 units

On the 2019 budgeted income statement, what amount will be reported for cost of goods sold?
◦ $189,475
◦ $179,140
◦ $168,805
◦ $201,877


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Marked as best answer by cookcarl on Mar 6, 2021

adammoses97

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cookcarl

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Reply 2 on: Mar 6, 2021
Excellent


amcvicar

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

 

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