Question

WidgeCo makes Widgets. The cost for the company to produce 1,000,000 widgets is below: Plastic Molds...

WidgeCo makes Widgets. The cost for the company to produce 1,000,000 widgets is below: Plastic Molds $500,000 Production Worker Wages 250,000 Utilities for plant 25,000 Plant Mechanic Salary 50,000 Depreciation on Plant Equipment 30,000 Last month the company sold 890,000 widgets. What was the COGS last month? (DON'T round any intermediate calculations). (multiple choice)

A. $750,000

B. $855,000

C. $756,500

D. $760,950

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Below are the costs for a dairy processing company for the month of July. What is...
Below are the costs for a dairy processing company for the month of July. What is the company’s total period costs? Cost of milk purchased from local dairy farmers $500,000 Depreciation on the computer of the salesperson $300 Property tax on the dairy processing plant $10,000 Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores $20,000 The CEO’s salary $90,000 Depreciation on refrigerated trucks used to collect raw milk from local dairy farmers $25,000 Plastic gallon...
McGinn Chemical Company, located in Monroe, Louisiana, has one product, a liquid chemical, which it is...
McGinn Chemical Company, located in Monroe, Louisiana, has one product, a liquid chemical, which it is selling to paper mills for use in producing paper. McGinn Chemical Company’s total sales are $2,000,000 per year. McGinn Chemical has been manufacturing the product for 10 years, but it is considering letting Herrington Industries, a large manufacturing company, make it for them. If they let Herrington manufacturer the product, McGinn would buy it from Herrington and then resell the product to the paper...
Project Details The Acme Gadget Company designs and manufactures consumer gadgets. Last year, Acme began development...
Project Details The Acme Gadget Company designs and manufactures consumer gadgets. Last year, Acme began development of three prototype gadgets with the intention of bringing all three to market. However, a recent downturn in the economy has forced Acme to reconsider due to decreased consumer demand that is projected to remain low for 2-3 years. As such, Acme will bring only one of the prototypes to market. They’ve hired a consulting firm to advise which prototype to bring to market....
PREPARE JOURNAL ENTRIES FOR THE FOLLOWING. 1. January 2: Mr. Burns opened up his new company...
PREPARE JOURNAL ENTRIES FOR THE FOLLOWING. 1. January 2: Mr. Burns opened up his new company and dissolved the old one. The balances of the accounts (with the exception of fixed assets and uncollectible) were transferred over from the old business. Mr. Burns decided that he needed to invest more money into the business in order to get operational. Mr. Burns invested $2,120,000 to create stock. 2. January 3: Mr. Burns bought a cookie making machine for $500,000 from Cookie...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...