During the Month of June, Telecom Inc

question 30

Multiple Choice

During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labor cost of $37,000 and overhead cost of $26,000. The work in process balance at June 30 equaled $10,000. What was the work in process balance on June 1?

• A) $7,000
• B) $13,000
• C) $10,000
• D) $115,000

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Definitions:

Converse

In logic, a statement formed by reversing the antecedent and consequent in a conditional statement; if the original statement is "If P, then Q," the converse is "If Q, then P."

Proposition

A pronouncement that exhibits a view or judgment.

Converse

In logic, the converse of a statement is formed by swapping the hypothesis and conclusion of the original statement.

Proposition

A proclamation or assertion signaling an assessment or belief.