Assuming that the cost of goods manufactured is $3,460,000 compute the cost of goods sold using the following information.

As of December 31, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of the year, there was $2,000 of materials on hand. During the year, the company purchased $375,000 of materials; however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during the year?

Tonneau Corporation had the following information available for October: ​ Work in Process, October 1 $20,000 Materials placed into production, October 27,500 Direct labor, October 37,500 ​ Factory overhead rate is 150 percent of direct labor costs. ​ Job cost sheets had the following balances: ​ Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job Z4 18,750 ​ Jobs Z3 and Z4 were not completed at the end of October. What is the balance in Work-in-Process for Tonneau at the end of October?

Wood Company has beginning work in process inventory of $138,000 and total manufacturing costs of $477,000. If cost of goods manufactured is $480,000, what is the cost of the ending work in process inventory?

In resolving an ethical conflict, which of the following would NEVER be appropriate?

Which one of the following is not considered as material costs?

When normal costing is used, actual overhead costs are

The _____ system is an integrated system capable of providing access to real-time data from the various functional areas of a company. 

Manufacturing costs include

Which of the following would NOT be included in the conversion cost of an automobile?