The Ending Inventory of Finished Goods Has a Total Cost

question 5

Multiple Choice

The ending inventory of finished goods has a total cost of $10,000 and consists of 500 units.If the overhead applied to these goods is $2,000,and the overhead rate is 50% of direct labor,how much direct materials cost was incurred in producing these units?

• A) $4,000
• B) $6,000
• C) $3,000
• D) $7,000
• E) $10,000

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Definitions:

Free-Drug Program

A health care initiative where medications are provided at no cost to patients, often as part of public health campaigns or to support low-income populations.

Social Programs

Government or organizational initiatives designed to improve living conditions, provide support, and address social issues within communities.

Bottom Line

A term referring to a company's net income, profit, or the critical or most important outcome of a situation.

Social Responsibility

An ethical framework suggesting that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.