Reference no: EM132482049
Question - Samo Co. incurred the following costs during the quarter:
Raw materials used in production $32,000
Marketing materials used by sales staff $14,000
Wages of factory workers $91,000
Salaries of sales staff $291,000
Depreciation on factory and production equipment $52,000
Depreciation on headquarters building $32,000
Manufacturing overhead $72,000
How much of these costs would have been recorded in Samo's Work in Process Inventory account during the quarter?
$195,000
$188,000
$552,000
$279,000
$247,000