At the Beginning of 2011, the Taylor Company's Work in Process

question 70

Multiple Choice

At the beginning of 2011, the Taylor Company's work in process inventory account had a balance of $30,000. During 2011, $68,000 of direct materials were used in production, and $66,000 of direct labor costs were incurred. Manufacturing overhead in 2011 amounted to $90,000. The cost of goods manufactured was $220,000 in 2011. What is the balance in work in process inventory on December 31, 2011?

• A) $24,000
• B) $66,000
• C) $6,000
• D) $34,000

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Definitions:

Auditory Skills

The abilities related to hearing, including listening, understanding, and processing sounds.

Plasticity

The ability of the brain to change and adapt in response to experience, learning, or injury.

Neuronal Myelination

The process by which myelin sheaths are formed around the axons of neurons, improving the speed and efficiency of electrical signal transmission in the nervous system.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.