Here Are Selected Data for Ansel Corporation - What Is the Ending Work in Process Inventory Balance

question 180

Multiple Choice

Here are selected data for Ansel Corporation: $\begin{array}{|l|r|l|r}\hline \text { Beginning raw materials inventory } & \$ 37,000 & \text { Beginning work in process inventory } & 61,500 \\\hline \text { Beginning finished goods inventory } & 57,500 & \text { Cost of materials purchased } & 151,000 \\\hline \text { Cost of direct materials requisitioned } & 91,300 & \text { Direct labor incurred } & 127,000 \\\hline \text { Actual manufacturing overhead } & 160,000 & \text { Cost of goods manufactured } & 293,000 \\\hline \text { Cost of goods sold } & 257,000 & \begin{array}{l}\text { Manufacturing overhead rate (\% of direct } \\\text { labor) }\end{array} & 120 \%\\\hline\end{array}$

- What is the ending work in process inventory balance?

• A)$206,500
• B)$198,900
• C)$139,200
• D)$146,800

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Definitions:

F Distribution

A probability distribution that arises in the analysis of variance and is used to calculate differences among group means when the groups have different sizes.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often related to the number of values in the final calculation of a statistic that are free to vary.

F Distribution

A probability distribution that arises frequently as the null distribution of a test statistic, especially in the context of variance analysis or ANOVA.

Numerator

The top number in a fraction that represents the part of the whole or the dividend in division.