Ogleby Inc During 2017, Ogleby Purchased $980,000 of Raw Materials, Incurred Direct

question 147

Multiple Choice

Ogleby Inc.'s accounting records reflect the following inventories: $\begin{array}{lrr}&\text { Dec. } 31,2016&\text { Dec. } 31,2017\\\text { Raw materials inventory } & \$ 120,000 & \$ 96,000 \\\text { Work in process inventory } & 156,000 & 174,000 \\\text { Finished qoods inventory } & 150,000 & 138,000\end{array}$ During 2017, Ogleby purchased $980,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000.
How much is total manufacturing costs incurred during 2017 for Ogleby?

• A)$1,385,000
• B)$1,403,000
• C)$1,379,000
• D)$1,415,000

Analyze the neurological basis of neurological disorders.

Understand the methodology and applications of non-invasive brain stimulation techniques.

Recognize the impact of brain hemisphere specialization on perception and motor control.

Understand different types of production processes and their characteristics.

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Definitions:

Soil Erosion

The removal of the top layer of soil at a faster rate than it is formed, due to natural processes like wind and water flow or human activities such as farming.

Soil Erosion

The displacement of the upper layer of soil, causing a loss of fertility and land degradation.

Soil Fertility

The capability of soil to provide essential nutrients to plants in adequate amounts for growth, reproduction, and overall health.

Microorganism Diversity

The variety and variability among microorganisms (bacteria, viruses, fungi, and protozoa) within their environments.