The Following Data (In Thousands of Dollars) Have Been Taken

question 48

Multiple Choice

The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the year just ended.
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 910 \\\hline \text { Raw materials inventory, beginning } & \$ 80 \\\hline \text { Raw materials inventory, ending } & \$ 20 \\\hline \text { Purchases of raw materials } & \$ 100 \\\hline \text { Direct labour } & \$ 130 \\\hline \text { Manufacturing overhead } & \$ 200 \\\hline \text { Administrative expenses } & \$ 160 \\\hline \text { Selling expenses } & \$ 140 \\\hline \text { Work-in-process inventory, beginning } & \$ 40 \\\hline \text { Work-in-process inventory, ending } & \$ 10 \\\hline \text { Finished goods inventory, beginning } & \$ 130 \\\hline \text { Finished goods inventory, ending } & \$ 150 \\\hline\end{array}$



-What was the cost of the raw materials used in production (in thousands of dollars) during the year?

• A) $180.
• B) $40.
• C) $120.
• D) $160.

Identify the correct process for making reversing entries for specific accounts.

Understand the timing for recording reversing entries in an accounting period.

Understand the functions and metabolic products of the urinary system.

Identify signs and potential causes of urinary system diseases.

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Definitions:

Fridays

The day of the week between Thursday and Saturday, often associated with the start of the weekend in many cultures.

Saturdays

The seventh day of the week, following Friday and preceding Sunday.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, such as coronary artery disease, heart failure, and stroke.

Pneumonia

An infection that inflames the air sacs in one or both lungs, which may fill with fluid or pus, causing cough with phlegm or pus, fever, chills, and difficulty breathing.