Stephenson Company's Computer System Recently Crashed, Erasing Much of the Company's

question 36

Multiple Choice

Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer data. $\begin{array}{lr}\text { Cost of Goods Sold } & \$ 380,000 \\\text { Work-in-Process Inventory, Beginning } & 30,000 \\\text { Work-in-Process Inventory, Ending } & 40,000 \\\text { Selling and Administrative Expense } & 50,000 \\\text { Finished Goods Inventory, Ending } & 15,000 \\\text { Finished Goods Inventory, Beginning } & ?\\\text { Direct Materials Purchased } & 171,000 \\\text { Factory Overhead Applied } & 112,000 \\\text { Operating Income } & 22,000 \\\text { Direct Materials Inventory, Beginning } & 18,000 \\\text { Direct Materials Inventory, Ending } & 6,000 \\\text { Cost of Goods Manufactured } & 340,000 \\\text { Direct Labor } & 55,000\end{array}$ The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end.
What should be the amount in the finished goods inventory at the beginning of the year?

• A)$15,000.
• B)$45,000.
• C)$55,000.
• D)$61,000.

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Knowledge of the history and development of IQ testing, including key tests and figures.

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Definitions:

Viral Exposure

Contact with or introduction to a virus, which may lead to infection and illness.

Prenatal

Pertaining to the period or development before birth, encompassing the gestation period from conception to birth.

Prenatal Viral Exposure

Exposure to a virus in the womb during pregnancy, which can potentially lead to developmental disorders or health issues in the baby.

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A serious psychological condition marked by disturbances in thinking, sensing, feeling, and relating to others.