Question

The following information was obtained from Fizz Company:

Advertising costs: $9,900

Indirect labor: $11,000

CEO's salary: $49,000

Direct Labor: $41,000

Indirect materials: $7,900

Direct materials: $61,000

Factory utilities: $700

Factory janitorial costs: $2,300

Manufacturing equipment depreciation: $2,100

Delivery vehicle depreciation: $1,100

Administrative wages and salaries: $21,000

How much were Fizz's inventoriable product costs?

A) $126,000

B) $104,100

C) $127,100

D) $115,000

Answer

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