Tonneau Corporation Had the Following Information Available for October 2018

question 35

Multiple Choice

Tonneau Corporation had the following information available for October 2018: $\begin{array}{lr}\text { Work in Process, October } 1 & \$ 20,000 \\\text { Materials placed into production, October } & 27,500 \\\text { Direct labor, October } & 37,500\end{array}$
Factory overhead rate is 150 percent of direct 1 abor costs.
Job cost sheets had the following bal ances:

$\begin{array}{rr}\mathrm{Job} Z 1 & \$ 32,500 \\\text { Job Z2 } & 55,000 \\\text { Job Z3 } & 35,000 \\\text { Job ZA } & 18,750\end{array}$
Jobs Z3 and Z4 were not completed at the end of December.
What is the cost of goods finished during October for Tonneau Corporation?

• A)$85,000
• B)$87,500
• C)$56,250
• D)$53,750

---

Definitions:

Communication

The exchange of information, thoughts, or messages between individuals or groups, often involving a common system of symbols, signs, or behavior.

Cooperation

The process of working together towards a common goal, often essential for the success of team projects and organizational objectives.

Virtual Teams

Groups of individuals who work together from different geographic locations and rely on communication technology such as email, chat, and video conferencing to collaborate.

Face-to-face Teams

Groups of individuals who collaborate and communicate in person while working towards a common goal.