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
Inventories | Begining | Ending |
---|---|---|
Raw material | $80 | $90 |
Work in process | 85 | 25 |
Finished goods | 80 | 105 |
Refer to Bridges Corporation.The cost of raw material purchased during the year was
A) $326.
B) $346
C) $375
D) $426
Correct Answer:

Verified
Correct Answer:
Verified
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