The Debits to Work-In-Process for Department #2 for the Month

question 61

Multiple Choice

The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All direct materials come from Department #1. The units completed include the 1,200 in process at the beginning of the period. Department #2 uses FIFO costing.

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The cost of the ending Work-in-Process Inventory is:

• A) $2,600.
• B) $1,600.
• C) $600.
• D) $1,000.

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Definitions:

Recover Damages

The process of obtaining compensation from another party due to a loss or injury they caused.

Resell

The act of selling a product or service previously purchased, often for the purpose of earning a profit.

Cartel

An agreement among competing firms to control prices, production, and marketing of goods, limiting competition.

Tin

A chemical element with the symbol Sn and atomic number 50, known for its malleability and resistance to corrosion.