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Question
The Goods in Process Inventory account for the AB Corp. follows:
| Goods in Process Inventory | |||||
| Beginning balance | 4,500 | ||||
| Direct materials | 47,100 | ||||
| Direct labor | 29,600 | ? Finished goods | |||
| Applied overhead | 15,800 | ||||
| Ending balance | 8,900 | ||||
The cost of units transferred to finished goods is:
A. $97,000
B. $105,900
C. $88,100
D. $95,200
E. $92,500
Answer
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Related questions
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Q:
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B. Total cost per unit times markup percentage per unit.
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B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.