![subject](/tpl/images/cats/ekonomika.png)
Business, 04.12.2020 22:10 mooncake9090
Shelby Cabinets, Inc. produces custom cabinets. The following inventory balances appeared on its balance sheet.
12/31/2012
12/31/2011
Raw materials inventory
$ 8,000
$ 10,000
Work-in-process inventory
600,000
550,000
Finished goods inventory
350,000
410,000
Shelby Cabinets had $1,265,000 in sales for the year ended December 31, 2012. The company also had the following costs for the year:
Selling
$ 90,000
General and administrative
$240,000
Raw materials purchases
$100,000
Direct labor used in production
$125,000
Manufacturing overhead
$630,000
Of the total raw materials placed in production for the year, $12,000 was for indirect materials and must be deducted to find direct materials placed in production.
Using the above information, what was Shelby’s Cost of Goods Sold?
(Hint: You must first calculate the Cost of Goods Manufactured before calculating Cost of Goods Sold.)
Group of answer choices
$795,000
$845,000
$855,000
$1,395,000
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 19:30, jachecj3269
The framers of the us constitution created a system of government that established branches of government set forth the powers of such a branches and placed limits on those powers what are the benefits of such a system? are there any problems associated with such a system?
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 00:20, angelcat9137
Overspeculation and a decrease in consumer confidence are both leading factors of: ?
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 13:50, trillsmith
Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
Answers: 2
You know the right answer?
Shelby Cabinets, Inc. produces custom cabinets. The following inventory balances appeared on its bal...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 29.06.2019 05:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 29.06.2019 05:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 29.06.2019 05:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 29.06.2019 05:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 29.06.2019 05:00
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 29.06.2019 05:00
![Konu](/tpl/images/cats/istoriya.png)
History, 29.06.2019 05:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 29.06.2019 05:00