Here Is Some Basic Data for Callor Corporation -The Entry to Record the Cost of Goods Completed Would

question 200

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 entry to record the cost of goods completed would be a:

• A)debit to finished goods inventory for $295,000.
• B)credit to work in process inventory for $260,000.
• C)debit to work in process inventory for $260,000.
• D)credit to finished goods inventory for $295,000.

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Definitions:

Behaviour

The behavior or responses of a person when influenced by external or internal factors.

Unconscious Mind

A part of the mind that is not accessible to conscious thought, containing desires, feelings, and memories below the level of conscious awareness.

Profession

A paid occupation, especially one that involves prolonged training and a formal qualification.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience.