At May 31, 2020, Smythe Inc

question 12

Multiple Choice

At May 31, 2020, Smythe Inc.has $4,500 in beginning raw materials, $6,000 of direct labour.If manufacturing overhead was $10,500, total manufacturing costs was $50,500, and total raw material purchases were $36,000, how much is ending amount of raw materials?

• A)$36,000
• B)$21,000
• C)$40,500
• D)$6,500

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Definitions:

Forgiveness

The conscious, deliberate decision to release feelings of resentment or vengeance toward a person or group who has harmed you.

Offenses

Acts that violate legal rules or social norms, ranging from minor infractions to serious crimes.

Mischievously

In a manner that is playfully naughty or troublesome, often causing minor harm or irritation.

Altruistic Punishment

The finding that people will sometimes sacrifice their own gain for the betterment of all, by punishing people who cheat the system