Bev Company Uses a Job-Order-Cost System and Had the Following

question 12

Multiple Choice

Bev Company uses a job-order-cost system and had the following data available: $$\begin{array} { l r } \text { Beginning direct-materials inventory } & \$ 26,000 \\\text { Beginning WIP inventory } & 64,000 \\\text { Beginning finished-goods inventory } & 58,000 \\\text { Direct materials purchased on account } & 148,000 \\\text { Direct materials requisitioned } & 82,000 \\\text { Direct-labor cost incurred } & 130,000 \\\text { Factory overhead incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000 \\\text { Overhead applicati on rate } & 125 \% \\\quad \text { as a percent of direct-labor cost) } &\end{array}$$ The journal entry to record the purchase of direct materials would include a _____.

• A)debit to WIP Inventory for $82,000
• B)debit to Direct-Materials Inventory for $148,000
• C)credit to Direct-Materials Inventory for $148,000
• D)credit to WIP Inventory for $82,000

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Market Future

The projected development and trends within a specific market or industry in the forthcoming period.

Market Size

The total level of sales or potential sales for a product or service within a given market.

Bottom-Up Analysis

A strategy that starts with individual elements as the basis for building up to a complete financial analysis, strategy, or projection.

Top-Down Analysis

An analytical approach that starts with the broad overview of the global economy and then narrows down to specific sectors and companies to make investment decisions.