Wood Company Has Beginning Work in Process Inventory of $138000

question 206

Multiple Choice

Wood Company has beginning work in process inventory of $138000 and total manufacturing costs of $477000. If cost of goods manufactured is $480000 what is the cost of the ending work in process inventory?

• A) $120000.
• B) $141000.
• C) $150000.
• D) $135000.

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Definitions:

Commercial Impracticability

A doctrine in contract law allowing parties to be discharged from their obligations when unforeseen events greatly increase the difficulty of performance.

Frustration of Purpose

A legal doctrine allowing for the termination of a contract when an unforeseen event undermines the contract's core purpose, making its performance impossible or radically different.

Nondisclosure Agreements

Legal contracts that prohibit parties from sharing confidential information disclosed during the course of business engagements.

Sexual Harassment

An unwelcome behavior of a sexual nature that creates an intimidating, hostile, or offensive work environment.