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:

Contrabands

Refers to goods that are illegal to import or export.

Fort Monroe

A historic military installation in Hampton, Virginia, that played a significant role in the Civil War and served as a stronghold for the Union Army.

Benjamin Butler

A controversial Union general during the American Civil War, known for his administration in occupied New Orleans and for his policies regarding runaway slaves.

Slave Labor

The coerced, unpaid work forced upon enslaved people, critical to economies of slave-holding societies.