On January 1, 2015, Jackson Company's Work-In-Process Inventory Account Showed

question 148

Multiple Choice

On January 1, 2015, Jackson Company's Work-in-Process Inventory account showed a balance of $65,000. During 2015, materials requisitioned for use in production amounted to $70,000 of which $66,000 represented direct materials. Factory wages for the period were $209,000 of which $186,400 were for direct labor. Manufacturing overhead is allocated on the basis of 60% of direct labor cost. Actual overhead was $116,440. Jobs costing $353,240 were completed during 2015. The December 31, 2015, balance in Work-in-Process Inventory is:

• A)$80,000.
• B)$72,800.
• C)$107,200.
• D)$76,000.

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Definitions:

Rational Evil

The concept that evil actions can stem from logical, calculated decisions made by individuals or groups, often for personal gain or ideological reasons.

Classical Criminology

A theoretical perspective suggesting that people have free will to choose criminal behavior influenced by the potential rewards and punishments.

Moral Entrepreneur

A person who influences or changes the creation or enforcement of a society’s moral codes.

Moral Gatekeeper

An individual or entity that controls or influences the ethical and moral standards and behaviors within a community or society.