Tranham, Inc How Much of the Above Amounts Will Traynham Report on Following

question 40

Multiple Choice

Tranham, Inc. uses a job-order costing system. It reported the following amounts for March: $$\begin{array} { l r l r } \text { Work in process, March 1 } & \$ 38,000 & \text { Finished goods, March 1 } & \$ 14,000 \\\text { Work in process, March 31 } & 35,000 & \text { Finished goods, March 31 } & 17,500 \\\text { Cost of goods manufactured } & 169,000 & \text { Raw materials, March 1 } & 12,300 \\\text { Direct labor used } & 64,000 & \text { Raw materials, March 31 } & 12,000 \\\text { Selling costs incurred } & 32,000 & \text { Direct materials used } & 63,000\end{array}$$ How much of the above amounts will Traynham report on its balance sheet at the end of March?

• A) $64,500
• B) $233,500
• C) $192,500
• D) $169,000

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Definitions:

Extracellular Ca2+

Calcium ions found outside of cells, crucial for various cellular processes including muscle contraction, neurotransmitter release, and blood coagulation.

Cardiac Muscle Contraction

The process by which heart muscle cells contract to pump blood, regulated by electrical impulses and calcium ions.

Sarcoplasmic Reticulum

A network of tubules and sacs found within muscle cells, involved in the regulation of calcium ions to facilitate muscle contraction and relaxation.

Sarcolemma

Plasma membrane of a muscle fiber.