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

Question 3

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 Company.Cost of Goods Sold was


A) $711
B) $746
C) $796
D) $816

Correct Answer:

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