SurfsUp Specialty Products Has the Following Inventory Account Balances and Related

question 28

Multiple Choice

SurfsUp Specialty Products has the following inventory account balances and related manufacturing cost flow information for the month of October: $\begin{array}{lll}\text { Raw Materials, October } 1 & \$ 20,000 \\\text { Raw Materials, October } 31 & \$ 25,000 \\\text { Work in Process, October } 1 & \$ 45,000 \\\text { Work in Process, October } 31 & \$40,000 \\\text { Finished Goods, October } 1 & \$ 68,000 \\\text { Finished Goods, October } 31 & \$ 62,000\\\text {Raw materials purchased}&?\\\text {Raw materials used}&\$75,000\\\text {Direct labor incurred}&?\\\text {Manufacturing overhead incurred}&\$120,000\\\text {Cost of goods manufactured}&\$300,000\\\text {Cost of goods sold}&? \end{array}$

Direct labor incurred in October is:

• A)$85,000.
• B)$100,000.
• C)$105,000.
• D)$200,000.

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Definitions:

Masculine Culture

A societal or organizational culture that values assertiveness, competition, material success, and achievements, as opposed to more nurturing and relationship-oriented traits.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a disregard for other cultures.

Monochronic

A cultural attitude towards time that emphasizes doing one thing at a time, punctuality, and a linear sense of how time flows.

Edward Hall

An American anthropologist known for his work in the field of intercultural communication, including the concepts of high-context and low-context cultures.