Here Is Some Basic Data for Callor Corporation -The Journal Entry to Record the Cost of Jobs Sold

question 94

Multiple Choice

Here is some basic data for Callor Corporation: $\begin{array}{|l|r|l|r|}\hline \text { Beginning raw materials inventory } & \$ 36,000 & \text { Beginning work in process inventory } & 64,000 \\\hline \text { Beginning finished goods inventory } & 54,000 & \text { Cost of materials purchased } & 148,000 \\\hline \text { Cost of direct materials requisitioned } & 85,000 & \text { Direct labor incurred } & 135,000 \\\hline \text { Actual manufacturing overhead } & 162,000 & \text { Completed goods } & 295,000 \\\hline \text { Cost of goods sold } & 260,000 & \begin{array}{l}\text { Manufacturing overhead rate (\% of } \\\text { direct labor) }\end{array} & 125 \% \\\hline\end{array}$

-The journal entry to record the cost of jobs sold would include a:

• A)debit to finished goods inventory for $295,000.
• B)credit to finished goods inventory for $295,000.
• C)debit to cost of goods sold for $295,000.
• D)credit to finished goods inventory for $260,000.

Grasp the concept of psychological safety and its significance for effective teamwork.

Understand the impact of team composition on problem-solving and innovation.

Acknowledge the influence of organizational structure on team performance and collaboration.

Identify the resources necessary to support team goals and functionalities.

---

Definitions:

Good Validity

The extent to which a test or assessment measures what it is supposed to measure accurately.

Test Items

Specific questions or tasks used in an assessment to evaluate knowledge, abilities, attitudes, or personality traits.

Measures

Instruments or techniques employed to systematically collect data or information for analysis and decision-making in various contexts; distinctly defined as forms of evaluating or quantifying.

Formal Prediction

The use of specific methods or models to forecast future events based on current or historical data.