If Beginning and Ending Work in Process Inventories Are $5,000

question 148

Multiple Choice

If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170,000, what is the total manufacturing cost for the period?

• A) $165,000.
• B) $180,000.
• C) $175,000.
• D) $160,000.
• E) $155,000.

---

Definitions:

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental pollution.

Noxious Odors

Unpleasant or harmful smells that can cause discomfort or health issues.

External Costs

Costs resulting from an economic activity that affects third parties who did not choose to incur that cost.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.