Richard Co. incurred research and development costs in 2011 as follows:

The total research and development costs charged in Richard's 2011 income statement should be
A) $425,000.
B) $542,500.
C) $617,500.
D) $925,000.

Question

Richard Co. incurred research and development costs in 2011 as follows:

The total research and development costs charged in Richard's 2011 income statement should be
A) $425,000. 
B) $542,500. 
C) $617,500. 
D) $925,000.

Quizplus · Accepted Answer

The total research and development costs charged in Richard's 2011 income statement should be calculated by adding up all the costs listed in the table. The sum of these costs is $617,500.