On January 1,Jackson,Inc

question 149

Multiple Choice

On January 1,Jackson,Inc.'s Work-in-Process Inventory account showed a balance of $65,800.During the year,materials requisitioned for use in production amounted to $70,900,of which $67,400 represented direct materials.Factory wages for the period were $209,000 of which $186,600 were for direct labor.Manufacturing overhead is allocated on the basis of 60% of direct labor cost.Actual overhead was $116,340.Jobs costing $353,220 were completed during the year.The December 31 balance in Work-in-Process Inventory is ________.

• A) $65,800
• B) $319,800
• C) $431,760
• D) $78,540

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Definitions:

Gallbladder

A small, pear-shaped organ located beneath the liver that stores and concentrates bile, a digestive fluid produced by the liver.

Autonomic Nervous System

A component of the peripheral nervous system that controls involuntary body functions, including heart rate, digestion, and respiratory rate.

Skeletal Muscle

Specialized tissue that enables movement in animals by contraction.

Smooth Muscle

Involuntary muscle found in the walls of internal organs such as the stomach, intestines, and blood vessels, controlling their movements.