The Accounts of Delphinia Dreams, Inc During the Month, Direct Materials Amounting to $21,000 and Indirect

question 158

Multiple Choice

The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October: $$\begin{array} { | l | r | } \hline \text { Account } & { \text { Debit } } \\\hline \text { Raw Materials Inventory } & \$ 34,000 \\\hline \text { Work-in-Process Inventory } & 40,000 \\\hline \text { Finished Goods Inventory } & 50,000 \\\hline \text { Manufacturing Overhead } & 23,000 \\\hline\end{array}$$ During the month, direct materials amounting to $21,000 and indirect materials amounting to $5000 were issued to production. What is the ending balance in the Work-in-Process Inventory account following these two transactions?

• A) $40,000
• B) $61,000
• C) $10,000
• D) $28,000

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Definitions:

Conflict Theory

A sociological perspective that emphasizes the role of power disparities and competition for scarce resources in society, viewing social life as an arena of inequality that generates conflict and change.

Functionalist Theory

A sociological perspective that emphasizes the way in which the parts of a society are structured to maintain its stability and functionality.

Two Solitudes

A phrase often used to describe the situation of lack of communication and understanding between two different groups or cultures.

Canadians

People originating from Canada, a country in the northern part of North America.