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Occi-Predictions Manufactures Weather Forecasting Circuits for Meteorologists Machines and Uses

question 42

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Occi-Predictions manufactures weather forecasting circuits for meteorologists machines and uses a job-order costing system.During June, Occi-Predictions accounts included the following balances and transactions:  Raw Materials Inventory, beginning $700 Direct materials purchased $45,000 Raw Materials Inventory, ending 4,850 Direct labor cost incurred 16,400 Manufacturing overhead cost applied 9,500 Administrative expenses 13,000 Marketing expenses 11,000 Work in Process Inventory, beginning 7,800 Sales 98,000 Work in Process Inventory, ending 6,600\begin{array}{lrlr}\text { Raw Materials Inventory, beginning } & \$ 700 & \text { Direct materials purchased } & \$ 45,000 \\\text { Raw Materials Inventory, ending } & 4,850 & \text { Direct labor cost incurred } & 16,400 \\\text { Manufacturing overhead cost applied } & 9,500 & \text { Administrative expenses } & 13,000 \\\text { Marketing expenses } & 11,000 & \text { Work in Process Inventory, beginning } & 7,800 \\\text { Sales } & 98,000 & \text { Work in Process Inventory, ending } & 6,600\end{array} How much is cost of goods manufactured?

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Definitions:

Researchers

Individuals who conduct studies and investigations to discover new information and insights.

Pre-existing Groups

Groups in research studies that are formed based on characteristics or conditions present before the study, not created by the researcher.

Nonequivalent Control Group Design

An experimental design in which the control group is not randomly selected or assigned, potentially allowing for confounding variables.

Randomly Assign

The process of assigning study participants or experimental elements to different groups using a method based on chance.

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