Inventory Balances for the Jameson Company in October 2018 Are

question 103

Multiple Choice

Inventory balances for the Jameson Company in October 2018 are as follows: $$\begin{array} { l c c } & \text { October } 1,2018 & \text { October } 31,2018 \\\text { Raw materials } & \$ 27,000 & \$ 21,000 \\\text { Work in process } & 48,000 & 37,200 \\\text { Finished goods } & 108,000 & 90,000\end{array}$$ During October, purchases of direct materials were $36,000. Direct labor and factory overhead costs were $60,000 and $84,000, respectively.
What is the cost of goods manufactured?

• A)$180,000
• B)$186,000
• C)$194,000
• D)$196,800

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Definitions:

Depression

A mental health disorder characterized by persistent sadness, loss of interest in activities, and a range of emotional and physical problems.

Treatment

Medical care given to a patient for an illness or injury, aiming to relieve symptoms or cure the condition.

Psychosurgery

A branch of neurosurgery involving the destruction or alteration of specific areas of the brain to treat psychological or behavioral disorders.

Psychopharmacology

The study of how drugs affect the human mind and behaviors, focusing on the use of pharmaceuticals in treating mental health issues.