Castagnola Inc

question 56

Multiple Choice

Castagnola Inc. has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $1,000.
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
-The finished goods inventory at the end of January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

• A) $30,660
• B) $30,664
• C) $30,296
• D) $30,300

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Definitions:

Independent Variable

The variable in an experimental setup that is manipulated or changed to observe its effects on the dependent variable.

Students' Rights

The legal and ethical entitlements and protections afforded to students within educational institutions.

Complete Experiment

A Complete Experiment involves a fully implemented study that tests hypotheses through the manipulation of variables and observation of their effects on some outcomes.

Critical Thinking

The analysis of facts to form a judgment, involving logic and reasoning skills to evaluate the validity and reliability of statements and information.