Use the Following Information for Questions
Caltreck Manufacturing Inc

question 20

Multiple Choice

Use the following information for questions
Caltreck Manufacturing Inc.'s accounting records reflect the following inventories:
$$\begin{array} { l c c c } & \underline{ \text { Dec. 31,2019 } }& \underline{\text { Dec. 31, 2020} } \\\text { Raw materials inventory } & \$ 100,000 & \$ 80,000 \\\text { Wark in process irventory } & 130,000 & 145,000 \\\text { Finished goods irventory } & 125,000 & 115,000\end{array}$$ During 2020, Caltreck purchased $950,000 of raw materials, incurred direct labour costs of $125,000, and incurred manufacturing overhead totalling $160,000.
-How much raw materials is transferred to production during 2020 for Caltreck Manufacturing?

• A)$1,240,000
• B)$970,000
• C)$950,000
• D)$930,000

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Definitions:

Flextime

A flexible working arrangement that allows employees to alter their start and end times, offering a balance between personal and professional life.

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A word’s literal or “dictionary” meaning. Most common words in English have more than one denotation. Context usually makes it clear which of several meanings is appropriate.

Connotation

The emotional or cultural associations tied to a word or phrase, beyond its literal dictionary definition.

Syntax

The set of rules and principles that dictate the structure of sentences in a given language, including word order and punctuation.