Archetype Fabrication Makes Pre-Stressed Concrete Forms for the Building Industry

question 99

Multiple Choice

Archetype Fabrication makes pre-stressed concrete forms for the building industry. They use just-in-time production and accounting methodology. At the beginning of January, selected account balances are shown in the T-accounts below. During January, the following 5 transactions take place:
Use the T-accounts shown above to record the transactions, and then answer the following question:
After transaction number 4, what was the balance in the Conversion costs account?

• A)$28,600
• B)$50,600
• C)$21,400
• D)$3,600

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Definitions:

Operating System

The software that manages the hardware and software resources of a computer, and provides common services for computer programs.

Arithmetic Operations

Basic mathematical operations such as addition, subtraction, multiplication, and division applied to numeric data types.

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer to execute instructions from both hardware and software.

CPU

The Central Processing Unit is the main element of a computer, responsible for executing the majority of computations and tasks within the system.