A partial listing of costs incurred during December at Rooks Corporation appears below: The total of the product costs listed above for December is:
A)$340,000
B)$82,000
C)$647,000
D)$307,000

Question

A partial listing of costs incurred during December at Rooks Corporation appears below:  The total of the product costs listed above for December is:
A)$340,000 
B)$82,000 
C)$647,000 
D)$307,000

Quizplus · Accepted Answer

The only costs listed in the table are direct materials, direct labor, and factory overhead, which are all components of product costs. Therefore, the total product costs for December would be the sum of these costs, which is $340,000 (direct materials of $120,000 + direct labor of $150,000 + factory overhead of $70,000). Options B, C, and D are incorrect because they either include other costs outside of product costs or do not reflect the correct sum of the costs listed in the table.

A Partial Listing of Costs Incurred During December at Rooks