During the Month of June, Telecom Inc

question 30

Multiple Choice

During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labor cost of $37,000 and overhead cost of $26,000. The work in process balance at June 30 equaled $10,000. What was the work in process balance on June 1?

• A) $7,000
• B) $13,000
• C) $10,000
• D) $115,000

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Definitions:

Uric Acid

A waste product found in the blood, resulting from the breakdown of purines, substances found in certain foods and drinks.

Osmoconformers

Organisms that maintain internal fluid and solute levels that are isotonic with their external environment.

Open Ocean Waters

Regions of the ocean that are far from land, typically characterized by deep water, strong currents, and a wide range of marine biodiversity.

Coastal Zones

Regions where land meets the ocean or sea, characterized by distinct ecological and environmental attributes.