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Determine what period costs for the period were

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Reference no: EM132992737

Use the following information to answer the question:

  • Acquired $30,000 of Capital from owners.
  • Paid $10,000 for all material used in starting and completing 50 products this period.
  • Paid $6,000 for administrative salaries.
  • Paid $8,000 for wages of production workers.
  • Depreciation of office furniture $2,500.
  • Depreciation of manufacturing equipment $3,500.
  • Collected $28,000 in cash for all sales made during the period.

Problem 1: Period Costs for the period were?

a. $ 30,000

b. $38,500

c. $ 8,500

d. $ 21,500

Reference no: EM132992737

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