Castagnola Incorporated Has Provided the Following Data for the Month

question 144

Multiple Choice

Castagnola Incorporated has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Manufacturing overhead for the month was overapplied by $1,000.The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.The finished goods inventory at the end of January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

• A) $30,660
• B) $30,664
• C) $30,296
• D) $30,300

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Definitions:

Erythropoietin

A hormone produced by the kidneys that stimulates red blood cell production in the bone marrow.

Monocyte

A type of white blood cell that is part of the immune response, involved in the removal of pathogens and dead or damaged cells from the blood.

Mono-

A prefix meaning single or one, used in various scientific and medical terminologies.

Thrombin

A blood plasma enzyme that initiates blood clotting by transforming fibrinogen into fibrin.