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Author Question: Expert Manufacturing reported the following: Revenue$450,000Beginning inventory of direct materials, ... (Read 46 times)

elizabeth18

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Expert Manufacturing reported the following: 

Revenue$450,000
Beginning inventory of direct materials, January 1, 201524,000
Purchases of direct materials151,000
Ending inventory of direct materials, December 31, 201518,000
Direct manufacturing labor27,000
Indirect manufacturing costs50,000
Beginning inventory of finished goods, January 1, 201543,000
Cost of goods manufactured234,000
Ending inventory of finished goods, December 31, 201548,000
Operating costs152,000
How much of the above would be considered period costs for Expert Manufacturing?
◦ $229,000
◦ $279,000
◦ $152,000
◦ $284,000


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Marked as best answer by elizabeth18 on Mar 6, 2021

tuwy

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elizabeth18

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


sarah_brady415

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Reply 3 on: Yesterday
Excellent

 

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