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(Answered) Use the following data for follow Question Information obtained


Use the following data for follow Question

 

Information obtained
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Use the following data for follow Question,

 

Information obtained from Blue Heron, Inc.?s accounts on December 31 included:,

 

2009 2008,

 

Raw materials inventory. . . . . . . . . . . . . . . . . $22,000 $1 8,000,

 

Work in process inventory . . . . . . . . . . . . . . . 38,000 26,000,

 

Finished goods inventory . . . . . . . . . . . . . . . . 66,000 84,000,

 

For the ,

 

Year Ended ,

 

December,

 

31 , 2009,

 

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $420,000,

 

Depreciation, factory . . . . . . . . . . . . . . . . . . . . 24,000,

 

Direct labor costs . . . . . . . . . . . . . . . . . . . . . . 76,000,

 

Purchase of raw materials . . . . . . . . . . . . . . . . 88,000,

 

Advertising expense . . . . . . . . . . . . . . . . . . . . 20,000,

 

Note: Assume that actual and applied overhead were equal,

 

(i.e., not overapplied or underapplied at year-end).,

 

,

 

The cost of raw materials used in production for Blue Heron, Inc., ,

 

in 2009 was,

 

a. $22,000. d. $106,000.,

 

b. $84,000. e. $128,000.,

 

c. $88,000.

 


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