Village Company's Selected Cost Data for 2012 Are Shown Below

question 104

Multiple Choice

Village Company's selected cost data for 2012 are shown below:
$\begin{array}{|l|r|}\hline \text { Cost of goods manufactured } & \$ 145,200 \\\hline \text { Work in process inventory, Jan. } 1,2012 & 18,500 \\\hline \text { Work in process inventory, Dec. } 31,2012 & 22,500 \\\hline \text { Direct materials used } & 15,800 \\\hline\end{array}$
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What are total manufacturing costs incurred by Village Company in 2012?

• A) $149,200
• B) $158,300
• C) $139,800
• D) $117,100

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Definitions:

Fraud

Purposeful misleading to achieve unlawful benefits or to cheat someone out of their legitimate rights.

Distinct Types

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Silence

The absence of any sound or noise; in legal terms, it can imply consent or agreement in certain contexts if established by prior dealings or agreements.

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A transaction conducted between parties who are independent and on an equal footing, ensuring that no special advantages are given to any of the parties involved due to personal relationships.