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Coatney Inc

question 139

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Coatney Inc.has provided the following data for the month of October.There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Coatney Inc.has provided the following data for the month of October.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 $7,000. The Corporation 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 manufacturing overhead applied during the month in those accounts. The finished goods inventory at the end of October after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: A) $35,686 B) $33,374 C) $33,410 D) $35,650 Manufacturing overhead for the month was overapplied by $7,000. The Corporation 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 manufacturing overhead applied during the month in those accounts.
The finished goods inventory at the end of October after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:


Definitions:

Horizontal Gene Transfer

The movement of genetic material between unicellular and/or multicellular organisms other than by the "vertical" transmission of DNA from parent to offspring.

dN/dS Ratio

A measure used in genetic studies to quantify the relative rate of non-synonymous (dN) to synonymous (dS) mutations, indicating selective pressure.

Neutrally

In a manner that is unbiased, not favoring one side, or in genetics, referring to mutations that do not affect an organism's fitness.

Positive Selection

The evolutionary process by which alleles that confer a fitness advantage increase in frequency within a population, leading to adaptation.

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