CourseLover

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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Management Posted 19 Dec 2017 My Price 10.00

Raw Material inventories of $45,000

  • Petzke Perfumes started the month with Raw Material inventories of $45,000, during the month they made purchases of $139,000 and finished the month with$31,000 in Raw Materials. Work in Process (WIP) was $20,000 on the 1st of the month and $15,000 on the last day of the month. Finished goods inventory opened with a balance of $56,000 and closed with $35,000. Direct labour is charged at $20 per hour and 1,500 hours were worked during the month. Manufacturing overhead is applied using normal costing at the rate of $36 per direct labour hour.
  • Petzke Perfumes conversion costs for the month were?
   
  • $153,000
   
  • $207,000
   
  • $84,000
   
  • $183,000
   
  • None of the above

Answers

CourseLover
(12)
Status NEW Posted 19 Dec 2017 02:12 PM My Price 10.00

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