Answer questions 1-5 using the information below: Advertising expenses $ 16,000 Depreciation expense - admin. office 107,000 Depreciation expense - plant 197,000 Direct materials inventory, beginning 33,000 Direct materials inventory, ending 28,000 Direct materials purchases 190,000 Direct labor 345,000 Finished goods inventory, beginning 66,000 Finished goods inventory, ending 43,000 Heat and light for plant 23,000 Indirect labor 128,000 Insurance on plant 44,000 Repairs on plant building 34,000 Sales representatives' salaries 258,000 Sales revenue 1,675,000 Supervisor's salary - plant 106,000 Work-in-process inventory, beginning 14,000 Work-in-process inventory, ending 11,000What is the cost of direct materials used? Group of answer choices$185,000$251,000$195,000$223 ,000How much is the total amount of manufacturing overhead cost? Group of answer choices$532,000$447,000$605,000$877 ,000What is the cost of goods manufactured? Group of answer choices$1,075,000$1,078,000$1,072,0 00$1,086,000What is the cost of goods sold? Group of answer choices$1,141,000$1,098,000$1,109,0 00$1,479,000What is total amount of period costs? Group of answer choices$381,000$274,000$165,000$216 ,000

Direct Materials Used  $ 195,000  

Manufacturing Overhead Costs 532,000      

Cost Of Goods  Manufactured 1075,000

Cost of Goods Sold 1098,000

Period Costs $381,000

Explanation:

What is the cost of direct materials used?

Direct materials inventory, beginning 33,000

Add   Direct materials purchases  190,000

Less Direct materials inventory, ending 28,000

Direct Materials Used  $ 195,000            

How much is the total amount of manufacturing overhead cost?

Manufacturing Overhead Costs 532,000

Heat and light for plant 23,000

Indirect labor 128,000

Insurance on plant 44,000

Repairs on plant building 34,000

Depreciation expense - plant 197,000

Supervisor's salary - plant 106,000  (as it is related to plant therefore it is included in the Manufacturing Overhead. If it were related to sales it would be included in the period costs)

What is the cost of goods manufactured?

Direct Materials Used  $ 195,000

Direct Labor 345,000

Manufacturing Overhead Costs 532,000

Total Manufacturing Costs : 1072,000

Add Opening Work in Process 14,000

Cost Of Goods Available for Manufacture 1086,000

Less  Closing Work in Process 11,000

Cost Of Goods  Manufactured 1075,000

What is the cost of goods sold?

Cost Of Goods  Manufactured 1075,000

Add Finished Good Opening Inventory 66,000

Cost of Goods Available for Sale 1141,000

Less Finished Goods Inventory Closing 43,000

Cost of Goods Sold 1098,000

What is total amount of period costs?

Period Costs include all the costs incurred in a particular period other than manufacturing costs . These include Selling and Administration ,advertising costs etc. all which are incurred in a given period for generating sales revenue.

Advertising expenses $ 16,000

Add Depreciation expense - admin. office 107,000

Add Sales representatives' salaries 258,000

Total Period Costs $381,000