Wasson Company Reported the Following Year-End Information How Much Is Wasson's Total Cost of Work in Process

question 128

Multiple Choice

Wasson Company reported the following year-end information: $$\begin{array} { l r } \text { Beginning work in process inventory } & \$ 35,000 \\\text { Beginning raw materials inventory } & 18,000 \\\text { Ending work in process inventory } & 38,000 \\\text { Ending raw materials inventory } & 15,000 \\\text { Raw materials purchased } & 560,000 \\\text { Direct labor } & 210,000 \\\text { Manufacturing overhead } & 120,000\end{array}$$ How much is Wasson's total cost of work in process for the year?

• A) $925,000
• B) $893,000
• C) $890,000
• D) $928,000

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Definitions:

Equilibrium Constant

A numerical value that expresses the ratio of the concentrations of products and reactants of a chemical reaction at equilibrium.

HA

Often shorthand for hydroxyapatite, a mineral form of calcium apatite; can also refer to hyaluronic acid or other context-specific chemical compounds.

Equilibrium

A state in which opposing forces or influences are balanced, often used in chemistry to describe reactions where reactants and products are formed at the same rate.

Products

Substances formed as a result of a chemical reaction, appearing on the right side of a chemical equation.