On January 1,Biden,Inc

question 34

Multiple Choice

On January 1,Biden,Inc.'s Work-in-Process Inventory account had a balance of $31,900.During the year,$58,500 of direct materials was placed into production.Manufacturing wages incurred amounted to $85,000,of which $64,500 were for direct labor.Manufacturing overhead is allocated on the basis of 120% of direct labor cost.Actual manufacturing overhead was $90,300.Jobs costing $220,800 were completed during the year.What is the December 31 balance of Work-in-Process Inventory?

• A) $154,900
• B) $31,900
• C) $232,300
• D) $11,500

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Definitions:

Own-Race Bias

The finding that witnesses are more accurate in identifying members of their own race than members of another race.

Match-To-Suspect Approach

A technique in forensic science where evidence brought from a crime scene is compared to samples from a suspect to establish a link or match.

Eyewitness Identification

A legal process in which a witness of a crime is asked to identify a perpetrator from a lineup of suspects, significantly influencing the outcomes of criminal investigations and trials.

Missing Fingers

The condition of being without one or more fingers, which can result from an accident, medical condition, or congenital anomaly.