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At the Beginning of the Year,Berkshire Manufacturing Had the Following

Question 127

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At the beginning of the year,Berkshire Manufacturing had the following account balances: At the beginning of the year,Berkshire Manufacturing had the following account balances: The following additional details are provided for the year: \begin{array} { | l | l } \hline \text { Direct materials placed in production } & \$ 80,000 \\ \hline \text { Direct labor incurred } & 192,000 \\ \hline \text { Manufacturing overhead incurred } & 300,000 \\ \hline \text { Manufacturing overhead allocated to production } & 291,000 \\ \hline \text { Cost of jobs completed and transferred } & 501,000 \\ \hline \text { Total revenue } & 760,000 \\ \hline \text { Cost of goods sold } & 441,300 \\ \hline \end{array} Calculate the gross profit Berkshire will report for the year. A) $259,000 B) $309,700 C) $318,700 D) $450,300
At the beginning of the year,Berkshire Manufacturing had the following account balances: The following additional details are provided for the year: \begin{array} { | l | l } \hline \text { Direct materials placed in production } & \$ 80,000 \\ \hline \text { Direct labor incurred } & 192,000 \\ \hline \text { Manufacturing overhead incurred } & 300,000 \\ \hline \text { Manufacturing overhead allocated to production } & 291,000 \\ \hline \text { Cost of jobs completed and transferred } & 501,000 \\ \hline \text { Total revenue } & 760,000 \\ \hline \text { Cost of goods sold } & 441,300 \\ \hline \end{array} Calculate the gross profit Berkshire will report for the year. A) $259,000 B) $309,700 C) $318,700 D) $450,300
At the beginning of the year,Berkshire Manufacturing had the following account balances: The following additional details are provided for the year: \begin{array} { | l | l } \hline \text { Direct materials placed in production } & \$ 80,000 \\ \hline \text { Direct labor incurred } & 192,000 \\ \hline \text { Manufacturing overhead incurred } & 300,000 \\ \hline \text { Manufacturing overhead allocated to production } & 291,000 \\ \hline \text { Cost of jobs completed and transferred } & 501,000 \\ \hline \text { Total revenue } & 760,000 \\ \hline \text { Cost of goods sold } & 441,300 \\ \hline \end{array} Calculate the gross profit Berkshire will report for the year. A) $259,000 B) $309,700 C) $318,700 D) $450,300
At the beginning of the year,Berkshire Manufacturing had the following account balances: The following additional details are provided for the year: \begin{array} { | l | l } \hline \text { Direct materials placed in production } & \$ 80,000 \\ \hline \text { Direct labor incurred } & 192,000 \\ \hline \text { Manufacturing overhead incurred } & 300,000 \\ \hline \text { Manufacturing overhead allocated to production } & 291,000 \\ \hline \text { Cost of jobs completed and transferred } & 501,000 \\ \hline \text { Total revenue } & 760,000 \\ \hline \text { Cost of goods sold } & 441,300 \\ \hline \end{array} Calculate the gross profit Berkshire will report for the year. A) $259,000 B) $309,700 C) $318,700 D) $450,300
At the beginning of the year,Berkshire Manufacturing had the following account balances: The following additional details are provided for the year: \begin{array} { | l | l } \hline \text { Direct materials placed in production } & \$ 80,000 \\ \hline \text { Direct labor incurred } & 192,000 \\ \hline \text { Manufacturing overhead incurred } & 300,000 \\ \hline \text { Manufacturing overhead allocated to production } & 291,000 \\ \hline \text { Cost of jobs completed and transferred } & 501,000 \\ \hline \text { Total revenue } & 760,000 \\ \hline \text { Cost of goods sold } & 441,300 \\ \hline \end{array} Calculate the gross profit Berkshire will report for the year. A) $259,000 B) $309,700 C) $318,700 D) $450,300
The following additional details are provided for the year:
 Direct materials placed in production $80,000 Direct labor incurred 192,000 Manufacturing overhead incurred 300,000 Manufacturing overhead allocated to production 291,000 Cost of jobs completed and transferred 501,000 Total revenue 760,000 Cost of goods sold 441,300\begin{array} { | l | l } \hline \text { Direct materials placed in production } & \$ 80,000 \\\hline \text { Direct labor incurred } & 192,000 \\\hline \text { Manufacturing overhead incurred } & 300,000 \\\hline \text { Manufacturing overhead allocated to production } & 291,000 \\\hline \text { Cost of jobs completed and transferred } & 501,000 \\\hline \text { Total revenue } & 760,000 \\\hline \text { Cost of goods sold } & 441,300 \\\hline\end{array} Calculate the gross profit Berkshire will report for the year.


A) $259,000
B) $309,700
C) $318,700
D) $450,300

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