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Bridges Corporation The Following Information Has Been Taken from the Cost Records

Question 51

Multiple Choice

Bridges Corporation
The following information has been taken from the cost records of Bridges Corporation for the past year:
Raw material used in production                                                $336
Total manufacturing costs charged to production during            711
the year (includes direct material, direct labor, and
overhead equal to 50% of direct labor cost)
Cost of goods available for sale                                                  851
Selling and Administrative expenses                                           35


InventoriesBegining  Ending
Raw material $80     $90
Work in process85      25
Finished goods80    105

Refer to Bridges Corporation.The cost of raw material purchased during the year was


A) $326.
B) $346
C) $375
D) $426

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