Use the Following Information for the Next 4 Questions

question 75

Multiple Choice

Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month: The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-Cost of jobs completed for the month was

• A) $1,170
• B) $1,310
• C) $1,190
• D) $1,150

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Definitions:

Summarizing

Summarizing involves the synthesis of the main ideas from a text or conversation into a shortened version that retains the essential information.

Self-Managed Team

A group of employees who work collaboratively without direct supervision to achieve shared goals and objectives.

Financial Gains

Profits or monetary benefits received from investments, operations, or other financial activities.

Fresh Ideas

New and innovative thoughts or approaches to problems or challenges.