Job 299 Started on June 1 and Finished on July

question 109

Multiple Choice

Job 299 started on June 1 and finished on July 15.Total cost on July 1 was $9,200,and the costs added in July were $153,400.The product was sold.What is the debit to cost of goods sold?

• A)$162,600
• B)$ 9,200
• C)$153,400
• D)$144,200

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Definitions:

Ownership Structure

The way in which ownership rights and responsibilities are distributed among the various owners of a corporation, including shareholders and stakeholders.

Shares

represent units of ownership interest in a corporation or financial asset, providing shareholders with a claim on part of the company's assets and profits.

Non-Controlling Interest

An ownership interest in a subsidiary held by investors other than the parent company, reflecting their share of the equity and earnings of the subsidiary.

Consolidation Adjustments

Modifications made to combine the financial statements of parent and subsidiary companies into a single set of statements.