Given the following data for Glennon Company compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct materials used $ 270 , 000 Beginning work in process $ 40 , 000 Direct labor 200 , 000 Ending work in process 20 , 000 Manufacturing overhead 250 , 000 Beginning finished goods 50 , 000 Operating expenses 350 , 000 Ending finished goods 30 , 000 \begin{array} { l r l r } ext { Direct materials used } & \$ 270,000 & ext { Beginning work in process } & \$ 40,000 \ ext { Direct labor } & 200,000 & ext { Ending work in process } & 20,000 \ ext { Manufacturing overhead } & 250,000 & ext { Beginning finished goods } & 50,000 \ ext { Operating expenses } & 350,000 & ext { Ending finished goods } & 30,000\end{array} Direct materials used Direct labor Manufacturing overhead Operating expenses $270 , 000 200 , 000 250 , 000 350 , 000 Beginning work in process Ending work in process Beginning finished goods Ending finished goods $40 , 000 20 , 000 50 , 000 30 , 000 A ‾ B ‾ \begin{array}{llr} & & & \underline{ ext {A}} & & & & & \underline{ ext {B}}\\end{array} A B A) $ 700 , 000 $ 740 , 000 \begin{array}{lll} & \$ 700,000 & \$ 740,000 \\end{array} $700 , 000 $740 , 000 B) $ 720 , 000 $ 700 , 000 \begin{array}{lll} & \$720,000 & \$ 700,000 \\end{array} $720 , 000 $700 , 000 C) $ 720 , 000 $ 740 , 000 \begin{array}{lll} & \$ 720,000 & \$ 740,000 \\end{array} $720 , 000 $740 , 000 D) $ 740 , 000 $ 760 , 000 \begin{array}{lll} & \$ 740,000 & \$ 760,000\end{array} $740 , 000 $760 , 000

Question

Given the following data for Glennon Company compute (A) total manufacturing costs and (B) costs of goods manufactured:    Direct materials used  $ 270 , 000  Beginning work in process  $ 40 , 000  Direct labor  200 , 000  Ending work in process  20 , 000  Manufacturing overhead  250 , 000  Beginning finished goods  50 , 000  Operating expenses  350 , 000  Ending finished goods  30 , 000 \begin{array} { l r l r } 	ext { Direct materials used }  &  \$ 270,000  &  	ext { Beginning work in process }  &  \$ 40,000 \	ext { Direct labor }  &  200,000  &  	ext { Ending work in process }  &  20,000 \	ext { Manufacturing overhead }  &  250,000  &  	ext { Beginning finished goods }  &  50,000 \	ext { Operating expenses }  &  350,000  &  	ext { Ending finished goods }  &  30,000\end{array}  Direct materials used   Direct labor   Manufacturing overhead   Operating expenses  ​ $270 , 000 200 , 000 250 , 000 350 , 000 ​  Beginning work in process   Ending work in process   Beginning finished goods   Ending finished goods  ​ $40 , 000 20 , 000 50 , 000 30 , 000 ​ A ‾ B ‾ \begin{array}{llr} &   & & \underline{	ext {A}} & & & & &  \underline{	ext {B}}\\end{array} ​ ​ ​ A ​ ​ ​ ​ ​ ​ B ​ ​ A)  $ 700 , 000 $ 740 , 000 \begin{array}{lll}  &  \$ 700,000  &  \$ 740,000 \\end{array} ​ $700 , 000 ​ $740 , 000 ​ B)  $ 720 , 000 $ 700 , 000 \begin{array}{lll}  &  \$720,000  &  \$ 700,000 \\end{array} ​ $720 , 000 ​ $700 , 000 ​ C)  $ 720 , 000 $ 740 , 000 \begin{array}{lll} &  \$ 720,000  &  \$ 740,000 \\end{array} ​ $720 , 000 ​ $740 , 000 ​ D)  $ 740 , 000 $ 760 , 000 \begin{array}{lll}  &  \$ 740,000  &  \$ 760,000\end{array} ​ $740 , 000 ​ $760 , 000 ​

Zybrea Knight · Accepted Answer

Final Answer : C

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