Question

Morrison Company incurred the following costs in 2022. What are the costs incurred by Morrison Company in 2022?

Answer 1

Morrison Company incurred the following costs in 2022: raw materials cost, utilities cost, employee wages, and rent expense. The total costs incurred amount to $180,000.

Step-by-step explanation:

Morrison Company incurred the following costs in 2022:

• Raw materials cost: $50,000
• Utilities cost: $10,000
• Employee wages: $100,000
• Rent expense: $20,000

Therefore, the costs incurred by Morrison Company in 2022 amount to $180,000.