Walston's Designs Produces Custom Portable Spas Walston's Designs Considers the Balance of Manufacturing Overhead to Be

question 92

Multiple Choice

Walston's Designs produces custom portable spas. At the end of its accounting period, the account balances indicated the following: $$\begin{array} { l r } \text { Raw Materials Inventory } & \$ 22,000 \\\text { Work in Process Inventory } & 38,000 \\\text { Finished Goods Inventory } & 62,000 \\\text { Cost of Goods Sold } & 300,000 \\\text { Manufacturing Overhead (credit balance) } & 9,000\end{array}$$ Walston's Designs considers the balance of manufacturing overhead to be material in amount. How much is the adjusted balance of Cost of Goods Sold to be reported by Walston on its income statement?

• A) $300,000
• B) $293,250
• C) $306,750
• D) $294,313

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Definitions:

Brain Size

The physical measurement of the brain's volume or weight, which varies significantly among different species and can also vary among individuals of the same species.

Superiority

The state or condition of being superior, having a higher status, quality, or authority compared to others.

Racial Stereotypes

Oversimplified generalizations about individuals based on their race, often leading to misconceptions and biases.

Systems Of Racial Inequality

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