Walker Company Reported the Following Year-End Information How Much Is Walker's Cost of Goods Manufactured for the work

question 11

Multiple Choice

Walker Company reported the following year-end information: $\begin{array}{lr}\text { Beginning work in process inventory } & \$ 46,000 \\\text { Beginning raw materials inventory } & 24,000 \\\text { Ending work in process inventory } & 50,000 \\\text { Ending raw materials inventory } & 20,000 \\\text { Raw materials purchased } & 830,000 \\\text { Direct labor } & 240,000 \\\text { Manufacturing overhead } & 100,000\end{array}$ How much is Walker's cost of goods manufactured for the year?

• A)$834,000
• B)$1,174,000
• C)$1,170,000
• D)$1,178,000

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Definitions:

Political Appointment System

A system where government officials are appointed based on their political affiliations and loyalty rather than merit or competitive examination.

Career Civil Servants System

A system employing individuals who work for the government and are selected based on merit rather than appointed or elected, providing continuity within the bureaucracy.

Pendleton Act

An 1883 U.S. federal law that established that positions within the federal government should be awarded based on merit instead of political affiliation.

Spoils System

The spoils system is a political practice where a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward for working toward victory, rather than for their expertise.