Horton Company Produces and Sells Two Products: Round and Square

Multiple Choice

Horton Company produces and sells two products: round and square tables. In August 20x0, the budget projected the following for 20x1:
The tables are manufactured using the following direct materials:

Budgeted data for 20x1 direct materials are:

Budgeted data for 20x1 Direct labour and overhead are:

The cost of ending finished goods inventory of round tables for 20x1 is:

A) $662,500
B) $622,500
C) $562,500
D) $530,000