The Accounts of Delphinia Dreams Inc

question 143

Multiple Choice

The accounts of Delphinia Dreams Inc. showed the following balances at the beginning of October: During the month, direct materials amounting to $20,000 and indirect materials amounting to $5,000 was issued to production. What is the ending balance in the Work-in-Process Inventory account for the month of October?

• A)$40,000
• B)$60,000
• C)$20,000
• D)$25,000

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Definitions:

Skilled Tailor

A craftsman specialized in making, altering, or fitting garments in a professional and adept manner.

Skirt

A garment fastened around the waist and hanging down around the legs, worn typically by women and girls.

Merchandising

The activity of promoting the sale of goods, especially by their presentation in retail outlets.

Opportunity

A set of circumstances that makes it possible to do something or achieve a goal.