Blue Dynamics Manufactures Custom Water Fountains and Employs Job-Order Costing

question 147

Multiple Choice

Blue Dynamics manufactures custom water fountains and employs job-order costing system.Beginning raw materials on October 1 totaled $15,600.During October, Blue Dynamic's transactions and accounts included the following: $\begin{array}{lll}\text {Raw materials acquired for cash }&\$7,500\\\text {Raw materials received on account }&88,900\\\text { Direct materials requisitioned and transferred to production }&91,200\\\text { Cost of goods manufactured}&187,900\\\end{array}$ How much is the balance of Raw Materials on October 31?

• A)$20,800
• B)$96,400
• C)$5,200
• D)$9,800

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Definitions:

HR Supply Planning

The process of forecasting an organization's future human resource requirements and developing strategies to meet those needs.

HRM Systems

HRM Systems, or Human Resource Management Systems, are integrated systems used by organizations to manage HR processes such as recruitment, attendance, payroll, performance management, and employee development.

Job Specification

A document that outlines the qualifications, skills, and experience necessary for a specific position, serving as a guide for hiring.