Reference no: EM132593958

Rebel Yell, Inc., recorded the following data for April:

Sales revenue $72,000                                   Inventory                     Beginning                 Ending

Direct labor 10,000                                          Raw materials               $10,000              $ 5,000

Selling & administrative costs 7,000                    Work-in-process                18,000              17,000

Raw materials purchased 20,000                           Finished goods                     21,000            16,500

Manufacturing overhead 13,500

Question 1: What were the total product costs for April?

a) $43,500

b) $38,500

c) $48,500

d) $49,500

Question 2: What was the amount of cost of goods manufactured for April?

a) $53,000

b) $47,500

c) $49,500

d) $44,500

Question 3: What was the amount of cost of goods sold for April?

a) $54,000

b) $49,000

c) $49,500

d) $53,000

Question 4: What was Rebel Yell, Inc.'s operating income for April?

a) $12,000

b) $18,000

c) $11,000

d) $15,500