Use the Information Below to Answer the Following Question(s)

question 36

Multiple Choice

Use the information below to answer the following question(s) .Cartwright Custom Carpentry manufactures chairs in its Processing Department, and uses the FIFO cost flow assumption.Direct Materials are included at the inception of the production cycle and must be bundled in single kits for each unit.Conversion costs are incurred evenly throughout the production cycle.Inspection takes place at the end of the process, and spoiled units generally constitute 3 percent of the good output.Information provided for March is as follows:

-Which of the following journal entries correctly represents the transfer of completed goods for the current period using the FIFO method of process costing?

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Definitions:

Hydrothermal Vents

Openings in the seafloor that emit hot, mineral-rich water, supporting unique ecosystems despite the extreme conditions.

Drill Cores

Cylindrical sections of rock extracted from the Earth by drilling, often used for geological research and analysis.

Black Smokers

Hydrothermal vents on the ocean floor that emit dark clouds of mineral-rich water, typically found along mid-ocean ridges.

Radioactive Decay

The process by which an unstable atomic nucleus loses energy by emitting radiation in the form of particles or electromagnetic waves.