At the Beginning of the Year,Conway Manufacturing Had the Following $\begin{array}{cc}\text {Work-in-Process Inventory }\\\hline\begin{array}{ll|l}&2,000& \\\end{array}\end{array}$

question 99

Multiple Choice

At the beginning of the year,Conway Manufacturing had the following account balances: $\begin{array}{cc}\text {Work-in-Process Inventory }\\\hline\begin{array}{ll|l}&2,000& \\\end{array}\end{array}$
$\begin{array}{cc}\text { Finished Goods inventory}\\\hline\begin{array}{ll|l}&8,000& \\\end{array}\end{array}$
$\begin{array}{cc}\text {Manufacturing Overhead }\\\hline\begin{array}{ll|l}&0& \\\end{array}\end{array}$
$\begin{array}{cc}\text {Cost of Goods Sold }\\\hline\begin{array}{ll|l}&0& \\\end{array}\end{array}$
$\begin{array}{cc}\text {Sales Revenue }\\\hline\begin{array}{ll|l}&0& \\\end{array}\end{array}$ The following additional details are provided for the year:
$\begin{array}{|l|l|}\hline\text { Direct materials placed in production } & \$ 82,000 \\\hline \text { Direct labor incurred } & 191,400 \\\hline \text { Manufacturing overhead incurred } & 302,000 \\\hline \text { Manufacturing overhead allocated to } & \\ \text { production } & 295,700 \\\hline \text { Cost of jobs completed and transferred } & 500,900\\\hline\end{array}$ The ending balance in the Work-in-Process Inventory account is a ________.

• A)credit of $70,200
• B)debit of $2000
• C)credit of $2000
• D)debit of $70,200

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Definitions:

Aggressive Behavior

Actions intended to harm or assert dominance over others, stemming from feelings of anger or frustration.

Reinforcement

A concept in behavioral psychology that involves the use of consequences to strengthen or increase the likelihood of a particular behavior, which can be positive (adding a desirable stimulus) or negative (removing an undesirable stimulus).

Expectancy

In psychology, it refers to the belief about the likelihood of achieving a desired outcome through specific actions.

Reinforcement Value

The subjective importance or appeal an outcome has for an individual, which can influence the likelihood of the person performing the behavior leading to that outcome.