A
Amanda F
Guest
Playtime Toys began operations on January 1, 2006. During January it produced 2,000 toys and sold 1,850 toys. The following are needed to make 1 toy:
Wood 2 board feet at $3 per foot
Paint 1.5 quarts at $2 per quart
Direct Labor 3 hours at $6 per hour
Manufacturing overhead is applied at a rate of $4 per direct labor hour. Given this information, ending inventory would be:
a.January, $60,080; February, $68,640; March, $71,040
b.January, $71,920; February, $70,560; March, $77,760
c.January, $71,920; February, $76,480; March, $84,640
d.January, $11,420; February, $6,760; March, $9560
Wood 2 board feet at $3 per foot
Paint 1.5 quarts at $2 per quart
Direct Labor 3 hours at $6 per hour
Manufacturing overhead is applied at a rate of $4 per direct labor hour. Given this information, ending inventory would be:
a.January, $60,080; February, $68,640; March, $71,040
b.January, $71,920; February, $70,560; March, $77,760
c.January, $71,920; February, $76,480; March, $84,640
d.January, $11,420; February, $6,760; March, $9560