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Friends Company Had the Following Data Available The Ending Inventory of Finished Goods Is:
A) $292,000
B)

question 126

Multiple Choice

Friends Company had the following data available:  Beginning direct- materials inventory $26,000 Beginning WIP Inventory 64,000 Beginning finished goods inventory 58,000 Direct material s purchased on account 148,000 Direct material s requisitioned 82,000 Direct-lab or cost incurred 130,000 Factory overhe ad incurred 146,000 Cost of goods completed 292,000 Cost of goods sold 256,000 Overhead application rate 125% (as a percent of direct- labor cost)  \begin{array}{ll}\text { Beginning direct- materials inventory } & \$ 26,000 \\\text { Beginning WIP Inventory } & 64,000 \\\text { Beginning finished goods inventory } & 58,000 \\\text { Direct material s purchased on account } & 148,000 \\\text { Direct material s requisitioned } & 82,000\\\text { Direct-lab or cost incurred } & 130,000 \\\text { Factory overhe ad incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000 \\\text { Overhead application rate } & 125 \% \\\text { (as a percent of direct- labor cost) } &\end{array} The ending inventory of finished goods is:


Definitions:

Basic Psychological Needs

Fundamental requirements for psychological well-being, including autonomy, competence, and relatedness.

Autonomous

Having the ability or privilege to make one's own decisions or actions independent of external influence or control.

Controlled

A state or condition where actions, processes, or mechanisms are directed or managed by specific guidelines or individuals.

Autonomy Support

The degree to which an organization or leader encourages and facilitates employees' sense of choice and volition in their work.

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