MANAGEMENT ADVISORY SERVICESCOST ACCOUNTING DEFINITIONS183.The cost of direct materials purchased during the year amounted to:Direct labor cost charged to production during the year was184.Direct labor costs charged to production during the year amounted to:Cost of Goods Manufactured was$636.c.$736.b.$716.d.$766.185.The cost of goods manufactured during the year was:B.$716D.$766186.The cost of goods sold during the year was:RM Used, Direct Labor, COGM & COGSQuestions 37 through 40 are based on the following information.BarfieldsThe following information has been taken from the cost records of T Co. for the past year:Raw material used in production$326Total manufacturing costs charged to production during the year (includesdirect material, direct labor, and overhead equal to 60% of directlabor cost)686Cost of goods available for sale826Selling and Administrative expenses25InventoriesBeginningEndingRaw Material$75$85Work in Process8030Finished Goods90110(Set A)G & N 9eThe following data (in thousands of dollars) have been taken from the accounting records of KarlingCorporation for the just completed year.Sales$990Raw materials inventory, beginning$ 40Raw materials inventory, ending$ 70Purchases of raw materials$120Direct labor$200Manufacturing overhead$230Administrative expenses$150Selling expenses$140Work in process inventory, beginning$ 70Work in process inventory, ending$ 50Finished goods inventory, beginning$120Finished goods inventory, ending$160Use these data to answer the following series of questions.66.The cost of the raw materials used in production during the year (in thousands of dollars)was: (E)37.The cost of raw material purchased during the year wasb.$336.d.$411.38.Direct labor cost charged to production during the year was39.Cost of Goods Manufactured wasa.$636.c.$736.b.$716.d.$766.40.Cost of Goods Sold wasRM Used, COGM, COGS, Operating IncomeQuestions 66 thru 69 are based on the following information.(Set A)G & N 9eThe following data (in thousands of dollars) have been taken from the accounting records of KarlingCorporation for the just completed year.Sales$990Raw materials inventory, beginning$ 40Raw materials inventory, ending$ 70Purchases of raw materials$120Direct labor$200Manufacturing overhead$230Administrative expenses$150Selling expenses$140Work in process inventory, beginning$ 70Work in process inventory, ending$ 50Finished goods inventory, beginning$120Finished goods inventory, ending$160Use these data to answer the following series of questions.66.The cost of the raw materials used in production during the year (in thousands of dollars)was: (E)
