Frost Corporation Incurred the Following Transactions During Its First Year

question 102

Multiple Choice

Frost Corporation incurred the following transactions during its first year of operations.(Assume all transactions involve cash.)
1) Acquired $1,000 of capital from the owners.
2) Purchased $300 of direct raw materials.
3) Used $100 of these direct raw materials in the production process.
4) Paid production workers $400 cash.
5) Paid $200 for manufacturing overhead (applied and actual overhead are the same) .
6) Started and completed 200 units of inventory.
7) Sold 50 units at a price of $6 each.
8) Paid $40 for selling and administrative expenses.
The amount of raw material inventory on the balance sheet at the end of the accounting period would be:

• A)$100.
• B)$200.
• C)$300.
• D)$0.

---

Definitions:

Metal Oxide Surge Suppressor

A device that protects electrical equipment from voltage spikes by shunting excess voltage to the ground through a metal oxide varistor.

Troubleshooting Guide

A resource that provides systematic instructions or advice for identifying, diagnosing, and resolving problems or malfunctions.

Input Module Circuit

A part of PLC systems designed to read and process incoming signals from various sensors before feeding them into the control logic.

Voltmeter

An instrument for measuring electric potential differences in volts between two points in an electric circuit.