The Work in Process Inventory Account for DG Manufacturing Follows

question 139

Multiple Choice

The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.

The cost of units transferred to finished goods is:

• A) $88,100.
• B) $97,000.
• C) $95,200.
• D) $92,500.
• E) $105,900.

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Definitions:

Merit-Pay Plans

Pay-for-performance plans where employees receive salary increases or bonuses based on their performance evaluations.

Goal-Sharing Plans

Compensation strategies designed to incentivize employees by sharing financial benefits when specific organizational goals are achieved.

Attendance Incentives

Programs or rewards designed to encourage and increase employee attendance and punctuality.

Absenteeism

Absenteeism is the frequent absence from work or other obligations without valid reasons, affecting productivity and efficiency.