River Falls Manufacturing Uses a Normal Cost System and Had

question 52

Multiple Choice

River Falls Manufacturing uses a normal cost system and had the following data available for 2018:

The ending balance of finished goods inventory is ________.

• A) $53,000
• B) $40,000
• C) $93,000
• D) $288,000

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Definitions:

Safety Glasses

Protective eyewear designed to safeguard the wearer's eyes from flying debris, particles, chemical splashes, or potentially harmful light rays.

Bar Code Tracking

A system for monitoring and managing inventory, shipments, or equipment by scanning bar codes to record and retrieve information quickly.

Inventory

Inventory refers to the goods and materials that a business holds for the ultimate goal of resale, production, or utilization in service delivery.

Corrosive

A substance capable of chemically attacking another.