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What is jupiter cost of goods sold

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Reference no: EM132603549

Use the information below to answer the following question(s).

Beginning inventory $100,000

Purchases 308,000

Ending inventory 52,000

Direct manufacturing labour 80,000

Manufacturing overhead 60,000

Ending work in process inventory 20,000

Beginning work in process inventory 4,000

Ending finished goods inventory 80,000

Beginning finished goods inventory 120,000

Jupiter Inc. had the following activities in the year:

Question 1. What is Jupiter's cost of direct materials used during the year?

a. $356,000

b. $360,000

c. $308,000

d. $364,000

e. $372,000

Question 2. What is Jupiter's cost of goods sold?

a. $520,000

b. $464,000

c. $440,000

d. $400,000

e. $516,000

Question 3. What is Jupiter's cost of goods manufactured?

a. $536,000

b. $496,000

c. $480,000

d. $476,000

e. $512,000

Reference no: EM132603549

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