Rathburn,Inc

question 97

Multiple Choice

Rathburn,Inc.is a service firm that uses process costing.The firm worked on a total of 1,000 cases this month,800 of which were completed during the period.The remaining cases were 40% complete.The firm incurred $180,000 in direct labor and manufacturing overhead costs during the period,and had $4,800 in direct labor and manufacturing costs in beginning inventory.Using the weighted average method,what was the total cost of cases still in process at the end of the period?

• A)$16,800
• B)$17,520
• C)$168,000
• D)$175,200

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Definitions:

Prognosis

A prediction of the likely outcome or course of a disease, considering various factors like the individual's condition and treatment options.

Etiology

The study of the causes or origins of diseases and medical conditions.

Overdiagnosis

The diagnosis of a disease or condition that is unlikely to cause harm or symptoms, often leading to unnecessary treatment.

Categorical Approach

A method of classification that involves organizing items, concepts, or phenomena into distinct groups or categories based on shared characteristics.