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SurfsUp Specialty Products Has the Following Inventory Account Balances and Related

question 28

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


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.

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