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The Following Information Was Extracted from the Accounting Records of Chamberlain

Question 38

Multiple Choice

The following information was extracted from the accounting records of Chamberlain Manufacturing Company:  Direct materials purch ased $80,000 Direct material s used 76,000 Direct manufacturing lab or costs 10,000 Indirect manufacturing lab or costs 12,000 Sales sal aries 14,000 Other factory expens es 22,000 Selling and administrative expenses 20,000\begin{array}{ll}\text { Direct materials purch ased } & \$ 80,000 \\\text { Direct material s used } & 76,000 \\\text { Direct manufacturing lab or costs } & 10,000 \\\text { Indirect manufacturing lab or costs } & 12,000\\\text { Sales sal aries } & 14,000 \\\text { Other factory expens es } & 22,000 \\\text { Selling and administrative expenses } & 20,000\end{array} The cost of goods manufactured is:


A) $154,000
B) $162,000
C) $120,000
D) $128,000

Correct Answer:

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