A partial listing of costs incurred at Gilhooly Corporation during September appears below: The total of the product costs listed above for September is:
A)$59,000
B)$366,000
C)$669,000
D)$303,000

Question

A partial listing of costs incurred at Gilhooly Corporation during September appears below:  The total of the product costs listed above for September is:
A)$59,000 
B)$366,000 
C)$669,000 
D)$303,000

Quizplus · Accepted Answer

Product costs include: Direct materials;Utilities,factory;Indirect labor;Depreciation of production equipment;and Direct labor.
$183,000 + $9,000 + $25,000 + $25,000 + $124,000 = $366,000

A Partial Listing of Costs Incurred at Gilhooly Corporation During