Answer the Following Questions Using the Information Below:
Wayland Manufacturing

question 155

Multiple Choice

Answer the following questions using the information below:
Wayland Manufacturing uses a normal cost system and had the following data available for 2010:
$\begin{array}{lr}\text { Direct materials purchased on account } & \$ 148,000 \\\text { Direct materials requisitioned } & 82,000 \\\text { Direct labor cost incurred } & 130,000\\\\\text { Factory overhead incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000\\\\\text { Beginning direct materials inventory } & 26,000 \\\text { Beginning WIP inventory } & 64,000 \\\text { Beginning finished goods inventory } & 58,000 \\\text { Overhead application rate, as a percent of direct-labor costs } & 125 \text { percent }\end{array}$
-The ending balance of finished goods inventory is ________.

• A) $58,000
• B) $36,000
• C) $94,000
• D) $292,000

---

Definitions:

Hospices

Specialized facilities or services that provide care and support for terminally ill patients and their families, focusing on comfort and quality of life.

Hospital Treatment

Medical or surgical care received in a hospital setting, often involving overnight stays or specialized procedures.

Palliative Care

Treatment focused on the relief of pain and suffering rather than cure.

Curative Treatment

Medical treatment given with the intention of curing rather than just reducing the symptoms of a disease.