Selected data concerning the past fiscal year’s operations (000 omitted) of the Televans
Manufacturing Company are presented below.
Inventories
|
Beginning |
Ending |
|
|
Direct materials |
$75 |
$ 85 |
|
Work in process |
80 |
30 |
|
Finished goods |
90 |
110 |
|
Other data: |
||
|
Direct materials used |
||
|
Total manufacturing costs charged to production during the year (includes direct materials, direct labor, and factory overhead applied at a rate of 60% of direct labor cost) |
326 686 |
|
|
Cost of goods available for sale |
826 |
|
|
Selling and general expenses |
25 |
1. The cost of direct materials purchased during the year amounted to
(a) $411 (d) $336
(b) $360 (e) Some amount other than those shown above
(c) $316
2. Direct labor costs charged to production during the year amounted to
(a) $135 (d) $216
(b) $225 (e) Some amount other than those shown above
(c) $360
3. The cost of goods manufactured during the year was
(a) $636 (d) $716
(b) $766 (e) Some amount other than those shown above
(c) $736
4. The cost of goods sold during the year was
(a) $736 (d) $805
(b) $716 (e) Some amount other than those shown above
(c) $691