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

question 161

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 5, what was the balance in the Raw and in-process inventory account?

• A)$25,400
• B)$36,600
• C)$22,000
• D)$24,000

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Definitions:

Duress

Compulsion by threat or force; coercion that compels someone to perform an act against their will or judgment.

Undue Influence

The exercise of excessive pressure by one person in a relationship of trust to exploit the power imbalance and coerce another person to make decisions against their own will.

Dominant Position

A status in which a company or entity has a major share of the market, allowing it to influence market conditions or prices.

Undue Influence

An unethical process where one person takes advantage of their power or influence over another in order to benefit from their decisions or actions.