Figure 2-8.Last year Quest Company incurred the following costs:
Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-Refer to Figure 2-8. Total product costs were?
A) $190,000
B) $100,000
C) $150,000
D) $236,000

Question

Figure 2-8.Last year Quest Company incurred the following costs:
  Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-Refer to Figure 2-8. Total product costs were?
A) $190,000 
B) $100,000 
C) $150,000 
D) $236,000

Quizplus · Accepted Answer

The total product costs were $190,000 as indicated in Figure 2-8.