Question

Quiz: CH 3 Quiz :00 42 31 Submt Ou Sof 20 (4 complete) This Quiz: 20 pts poss Here are selected data for King Friday Corporation: Beginning raw materiais inventory Beginning finished goods inventory Cost of direct materiais requisitioned Actual manufacturing overheacd Cost of goods soid $37.000 Beginning work in process inventory $57 200Cost of matenais purchased $01.300Direct labor incurred $180.000Cost of goods manufactured $255 000 Manufacturng overead rate (% of direct tabor) $81.500 $151,000 $125,000 $287.000 125% What is the finished goods ending inventory? O A $78.000 O B. $497.300 $67 900 OD. $287.000

Answer 1

Answer:

Option A is correct i.e. $78,600

Finished goods ending inventory = $57,200 + $287,000 - $265,600 = $78,600