On January 1, 2012, Matthew Company's Work in Process Inventory

question 56

Multiple Choice

On January 1, 2012, Matthew Company's work in process inventory account had a balance of $30,000. During 2012, $58,000 of direct materials was placed into production. Manufacturing wages incurred amounted to $84,000, of which $66,000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,000. Jobs costing $220,400 were completed during 2009. What is the December 31, 2012 balance in work in process inventory?

• A) $16,800
• B) $34,800
• C) $6,000
• D) $12,800

---

Definitions:

Disabilities

Conditions that make it more difficult for a person to do certain activities or interact with the world around them.

Sociological Perspective

An approach to understanding human behavior by placing it within its broader social context, considering how society influences individuals and groups.

Supporting Research

The collection of information, studies, or data that provide evidence or backing for a particular theory, hypothesis, or area of inquiry.

Healthier

Improved in health or in a better physical condition.