Solved

Assume the Following Data for Rodriguez Services, an Accounting Firm

Question 55

Multiple Choice

Assume the following data for Rodriguez Services, an accounting firm, for November:  Beginning materials inventory $20,000 Beginning work-in-process inventory 40,000 Ending work-in-process inventory 50,000 Ending materials inventory 10,000 Actual overhead costs 100,000 Direct materials used 60,000 Direct labor 200,000\begin{array} { l r } \text { Beginning materials inventory } & \$ 20,000 \\\text { Beginning work-in-process inventory } & 40,000 \\\text { Ending work-in-process inventory } & 50,000 \\\text { Ending materials inventory } & 10,000 \\\text { Actual overhead costs } & 100,000 \\\text { Direct materials used } & 60,000 \\\text { Direct labor } & 200,000\end{array}
What is the cost of services sold for November?


A) $370,000
B) $350,000
C) $360,000
D) $330,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions