Molina Company Has Beginning and Ending Work in Process Inventories

question 83

Multiple Choice

Molina Company has beginning and ending work in process inventories of $130,000 and $145,000 respectively.If total manufacturing costs are $650,000, what is the total cost of goods manufactured?

• A)$780,000.
• B)$795,000.
• C)$635,000.
• D)$665,000.

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Definitions:

Common Law

A body of law based on judicial decisions and precedent rather than statutory laws.

Additional Terms

Extra conditions or provisions added to an agreement or contract that were not included in the original draft.

Acceptance

In contract law, the unconditional agreement to the terms of an offer, which creates a binding contract.

UCC

The Uniform Commercial Code consists of regulations that oversee business dealings within the United States.