Exhibit 16-5 Adam Company Uses the FIFO Method in Its

question 69

Multiple Choice

Exhibit 16-5 Adam Company uses the FIFO method in its process costing system. The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process) :

-Refer to Exhibit 16-5. What was the cost of ending work-in-process inventory?

• A) $26,000
• B) $24,800
• C) $18,400
• D) $17,000

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Definitions:

Pressure to Act Unethically

Situations where individuals or groups feel compelled to compromise their ethical standards due to external pressures or expectations.

Amoral Managers

Managers who lack a clear sense of ethical considerations in their decision-making, focusing more on legal compliance or profit maximization without regard to moral implications.

Ethical Implications

The consideration of the moral consequences and responsibilities linked to a decision, action, or policy.

Personal Values

Core beliefs or ideals that guide an individual's behaviors, decisions, and lifestyle choices.