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

---

Definitions:

Civil War

A war between citizens of the same country.

Police Power

Police power refers to the capacity of a state to regulate behaviors and enforce order within its territory for the betterment of the health, safety, morals, and general welfare of its inhabitants.

Child Labor

Refers to the employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

Regulating Commerce

The act of governing or controlling business practices, trade, and economic transactions through laws and regulations to ensure fairness, competition, and consumer protection.