Work in Process Inventory on December 31 Is $42,000

question 65

Multiple Choice

Work in process inventory on December 31 is $42,000. Work in process inventory decreased by 40% during the year. Total manufacturing costs incurred amount to $260,000. What is the cost of goods manufactured?

• A) $232,000
• B) $302,000
• C) $288,000
• D) $190,000

---

Definitions:

Condenser Plates

Components in various devices (such as microscopes or capacitors) that collect and focus light or electrical energy.

Diathermy

A medical and surgical technique that uses high-frequency electric currents to generate heat, primarily for muscle relaxation or tissue removal.

Mechanical Traction

A non-surgical method to relieve pain and improve mobility by applying a force to stretch and mobilize the spine or joints.

Static Traction

A treatment method involving the application of a sustained force to a part of the body to alleviate pain and facilitate healing.