Mocha Company Manufactures a Single Product by a Continuous Process

question 52

Multiple Choice

Mocha Company manufactures a single product by a continuous process, involving three production departments.The records indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $100,000, $125,000, and $150,000, respectively.The records further indicate that direct materials, direct labor, and applied factory overhead for Department 3 were $50,000, $60,000, and $70,000, respectively.In addition, work in process at the beginning of the period for Department 3 totaled $75,000, and work in process at the end of the period totaled $60,000.The journal entry to record the flow of costs into Department 3 during the period for direct materials is

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Definitions:

Private Exchanges

Marketplaces operated by private entities where goods, services, or financial instruments are traded mostly between members.

Organizational Buyers

Entities such as businesses, governments, and institutions that purchase products or services for their own use, for resale, or for production purposes.

Traditional Auction

In an e-marketplace, an online auction in which a seller puts up an item for sale and would-be buyers are invited to bid in competition with each other.

E-marketplace

An online platform where buyers and sellers meet to exchange goods, services, or information, often supported by electronic tools and services.