Leak Enterprises LLC Recorded the Following Transactions for the Just

question 125

Multiple Choice

Leak Enterprises LLC recorded the following transactions for the just completed month. The company had no beginning inventories.
(1) Raw materials purchased for cash, $96,000
(2) Direct materials requisitioned for use in production, $69,000
(3) Indirect materials requisitioned for use in production, $22,000
(4) Direct labor wages incurred and paid, $129,000
(5) Indirect labor wages incurred and paid, $16,000
(6) Additional manufacturing overhead costs incurred and paid, $121,000
(7) Manufacturing overhead costs applied to jobs, $163,000
(8) All of the jobs in process were completed.
(9) All of the completed jobs were shipped to customers.
(10) Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold.
Enter the transactions in the T-accounts below and then answer the following questions.

-The ending balance in the Raw Materials account is closest to:

• A) $22,000
• B) $5,000
• C) $74,000
• D) $27,000

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Definitions:

Sexual Pleasure

The satisfaction or enjoyment derived from sexual activities or thoughts.

Sexual Contact

Any form of physical interaction between individuals involving the genital organs, anus, or mouth, intended to elicit sexual pleasure or response.

Welfare of Animals

Consideration and action towards ensuring the physical and psychological well-being of animals under human care.

Obscene Phone Calls

Telephone calls with the intent of sexual gratification through the use of explicit, offensive, or threatening language.