EXAM 2 - EXAM 2 1 Dodridge Corporation has provided the...

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EXAM 2 1. Dodridge Corporation has provided the following data for February. The beginning balance in the raw materials inventory account was $23,000. During the month, the company made raw materials purchases amounting to $59,000. At the end of the month, the balance in the raw materials inventory account was $33,000. Direct labor cost was $28,000 and manufacturing overhead was $74,000. The beginning balance in the work in process account was $12,000 and the ending balance was $17,000. The beginning balance in the finished goods account was $48,000 and the ending balance was $54,000. The cost of goods manufactured for February was: A) $156,000 B) $146,000 C) $151,000 D) $161,000 Feedback: Points Earned: 0.0/1.0 Correct Answer(s): B 2. The following costs were incurred in August: Conversion costs during the month totaled: A) $127,000 B) $51,000 C) $52,000 D) $75,000 Feedback:
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Points Earned: 0.0/1.0 Correct Answer(s): C 3. Tart Corporation reported the following data for the month of September: The conversion cost for September was: A) $150,000 B) $103,000 C) $117,000 D) $86,000 Feedback: Points Earned: 0.0/1.0 Correct Answer(s): B 4. Lavell Corporation reported the following data for the month of February:
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The cost of goods manufactured for February was: A) $171,000 B) $174,000 C) $183,000 D) $159,000 Feedback: Points Earned: 0.0/1.0 Correct Answer(s): D 5. The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just completed year.
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The net operating income for the year (in thousands of dollars) was: A) $410 B) $110 C) $40 D) $180 Feedback: Points Earned: 0.0/1.0 Correct Answer(s): B 6. The CFO of Stoffer Corporation has provided the following data for October. The beginning balance in the raw materials inventory account was $39,000. During the month, the company made raw materials purchases amounting to $68,000. At the end of the month, the balance in the raw materials inventory account was $28,000. Direct labor
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This note was uploaded on 07/10/2010 for the course ACCT 222 taught by Professor Jones during the Spring '08 term at Johnson County Community College.

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EXAM 2 - EXAM 2 1 Dodridge Corporation has provided the...

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