Widget Maker Manufacturing Uses Job Costing

question 107

Multiple Choice

Widget Maker Manufacturing uses job costing. In May, material requisitions were $44,600 ($39,600 of these were direct materials) , and raw material purchases were $58,700. The end of month balance in raw materials inventory was $25,000. What was the beginning raw materials inventory balance?

• A)$10,900
• B)$44,100
• C)$73,300
• D)$25,500

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Definitions:

Ethical Issue

A situation or problem requiring an individual or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Ethical Intensity

Refers to the perceived importance or moral significance of an ethical issue, affecting how it is recognized, considered, and acted upon by individuals.

Magnitude of Consequences

The significance or impact of the outcomes resulting from a decision or action, considering both its positive and negative aspects.

Social Consensus

Agreement within a group or society on beliefs, values, or social norms.