Rathburn,Inc

question 23

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 completed during the period?

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

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Definitions:

Financial Accounting

The field of accounting that focuses on providing information to external users such as investors, creditors, and regulators, primarily through financial statements.

GAAP

A set of widely accepted accounting norms and standards, referred to as Generally Accepted Accounting Principles, for the preparation of financial statements.

Line Positions

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An officer in a company or institution, ranking below a president and typically responsible for a specific department or function.