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

question 7

Multiple Choice

Wasson Company reported the following year-end information: $\begin{array}{lr}\text { Beginning work in process inventory } & \$ 35,000 \\\text { Beginning raw materials inventory } & 18,000 \\\text { Ending work in process inventory } & 38,000 \\\text { Ending raw materials inventory } & 15,000 \\\text { Raw materials purchased } & 560,000 \\\text { Direct labor } & 210,000 \\\text { Manufacturing overhead } & 120,000\end{array}$ 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

---

Definitions:

Exception

An Exception in programming is an event that disrupts the normal flow of a program's execution, typically indicating errors.

Early Binding

A programming concept where the method to be called or the variable type is determined at compile time, leading to increased efficiency.

Compiler Efficiency

A measure of how effectively a compiler translates high-level code into optimized machine code, impacting the performance and size of the resulting executable.

Abstract Class Constructor

A constructor in an abstract class, which cannot be instantiated directly but can be called by constructors of its subclasses.