Bergeron Inc. reported the following data for last year: $\begin{array} { | l | r | } \hline \text { Work-in-process inventory, beginning } & \$ 100 \\ \hline \text { Work-in-process inventory, ending } & \$ 150 \\ \hline \text { Finished goods inventory, beginning } & \$ 180 \\ \hline \text { Finished goods inventory, ending } & \$ 200 \\ \hline \text { Direct labour cost } & \$ 300 \\ \hline \text { Direct materials cost } & \$ 500 \\ \hline \text { Manufacturing overhead cost } & \$ 400 \\ \hline \end{array}$ -Which of the following is the prime cost?

A) $900. B) $800. C) $1,200. D) $700. A) $900. B) $800. C) $1,200. D) $700.

The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year. $\begin{array} { | l | r | } \hline \text { Sales } & \$ 800 \\ \hline \text { Raw materials inventory, beginning } & \$ 60 \\ \hline \text { Raw materials inventory, ending } & \$ 70 \\ \hline \text { Purchases of raw materials } & \$ 180 \\ \hline \text { Direct labour } & \$ 100 \\ \hline \text { Manufacturing overhead } & \$ 190 \\ \hline \text { Administrative expenses } & \$ 110 \\ \hline \text { Selling expenses } & \$ 150 \\ \hline \text { Work-in-process inventory, beginning } & \$ 70 \\ \hline \text { Work-in-process inventory, ending } & \$ 80 \\ \hline \text { Finished goods inventory, beginning } & \$ 120 \\ \hline \text { Finished goods inventory, ending } & \$ 160 \\ \hline \end{array}$ -What was the Gross Margin (in thousands of dollars)for the year?

A) $350. B) $130. C) $390. D) $190. A) $350. B) $130. C) $390. D) $190.

A) $95,345. B) $104,655. C) $395,345. D) $404,655. A) $95,345. B) $104,655. C) $395,345. D) $404,655.

(Multiple Choice)

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(True/False)

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(Multiple Choice)

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(Multiple Choice)

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(Multiple Choice)

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