Manufacturing Overhead Has an Underallocated Balance of $6,200; Raw Materials

question 161

Multiple Choice

Manufacturing overhead has an underallocated balance of $6,200; raw materials inventory balance is $50,000; work in process inventory is $30,000; finished goods inventory is $20,000; and cost of goods sold is $100,000. Which of these accounts would have an ending credit balance?

• A)Raw Materials Inventory account
• B)Finished Goods Inventory account
• C)Work-in-Process Inventory account
• D)None of the above

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Definitions:

Avoiding Style

A conflict resolution approach where individuals deliberately evade addressing an issue or engaging in confrontation.

Alcoholics

Individuals who suffer from alcoholism, a chronic disorder characterized by uncontrolled consumption of alcohol despite its negative effects on their health, social, and economic status.

Drug Addicts

Individuals who have developed a physical or psychological dependence on substances that are detrimental to their health and well-being.

Birth Order

A concept suggesting that the order in which a person is born in their family affects their personality and behavior.