Total manufacturing costs incurred

Assignment Help Accounting Basics

Reference no: EM13137366

Hopkins Manufacturing Inc.'s accounting records reflect the following inventories:

Dec. 31, 2009 Dec. 31, 2010
Raw materials inventory $ 80,000 $ 64,000
Work in process inventory 104,000 116,000
Finished goods inventory 100,000 92,000

During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 2010 for Hopkins?

A) $992,000

B) $1,004,000

C) $988,000

D) $1,000,000

Reference no: EM13137366

Questions Cloud

Find the pdf of cost of the flour is proportional to y : Bakery is a random variable X that has an exponential distribution with mean equal to 4 tons. The cost of the flour is proportional to Y=3X+1.

Explain how each of the foregoing transactions is reported : Explain how each of the foregoing transactions is reported in the Kessinger County General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance.

Describe the law of diminishing marginal utility : Explain the law of diminishing marginal utility and Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?

How many grams of o2 are required : Octane has a density of 0.692 g/mL at 20 degrees Celsius. How many grams of O2 are required to burn 1.00 gal of C8H18?

Total manufacturing costs incurred : During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 2010 for Hopkins?

Criminological theories of routine activity perspective : Explain the criminological theories of routine activity perspective and social learning theory. In what way do these criminological theories impact the issue of terrorism in the United States?

Calculate the percent yield for the reaction : Calculate the percent yield for the reaction: P4 (s) + 6 Cl2 (g) → 4 PCl3 (l) if 75.0 g of phosphorus reacts with excess chlorine gas to produce 111.0 g of phosphorus trichloride.

What percent of garages take between hours to erect : Approximately normally distributed with a mean of 32 hours and a standard deviation of 2 hours. What percent of the garages take between 30 and 34 hours to erect?

Prepare the general journal entry to record the issuance : Martin Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1, 2009. Interest is payable each June 30 and December 31. Prepare the general journal entry to record the issuance of the bonds on January 1, 2009.

User Account

All Pages