Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the company follows: Beginning raw materials inventory$10,000Ending raw materials inventory 12,000Raw material purchases 90,000Beginning work in process inventory 40,000Ending work in process inventory 25,000Direct labor 130,000Total factory overhead 60,000Beginning finished goods inventory 55,000Ending finished goods inventory 45,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:

1.Cost of Raw Materials= $88,000

2.Cost of Goods Manufactured = $293,000

3. Cost of Goods Sold= $321,000

Explanation:

1. Calculation for the Cost of Raw Materials Used using this formula

Cost of Raw Materials = Beginning Inventory + Purchases - Ending Inventory

Let plug in the formula

Cost of Raw Materials= $10,000 + $90,000 - $12,000

Cost of Raw Materials= $88,000

B) Calculation of Cost of Goods Manufactured

Using this formula

Cost of Goods Manufactured = Beginning Work in process Inventory + Direct Material + Direct Labor+ Factory Overhead - Ending Work in process

Let plug in the formula

Cost of Goods Manufactured = $ 40,000 + $88,000 + $130,000 + $60,000 - $25,000

Cost of Goods Manufactured = $293,000

3. Calculation for Cost of Goods Sold

Using this formula

Cost of Goods Sold=Beginning Inventory + Production During Period - Ending Inventory

Let plug in the formula

Cost of Goods Sold= $40,000 + $293,000 - $12,000

Cost of Goods Sold= $321,000

Therefore The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:

1.Cost of Raw Materials= $88,000

2.Cost of Goods Manufactured = $293,000

3. Cost of Goods Sold= 321,000

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi