Fireox Company's Selected Cost Data for 2015 Are Shown Below

question 96

Multiple Choice

Fireox Company's selected cost data for 2015 are shown below: $\begin{array}{|l|r|}\hline\text { Cost of Goods Manufactured } & \$ 145,200 \\\hline \text { Work-in-Process Inventory, Jan. 1, 2015 } & 18,500 \\\hline \text { Work-in-Process Inventory, Dec. 31, 2015 } & 22,500 \\\hline \text { Direct Materials Used } & 15,800\\\hline\end{array}$ What is the total of manufacturing costs incurred by Fireox Company in 2015?

• A) $149,200
• B) $158,300
• C) $139,800
• D) $117,100

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Definitions:

Zero-Coupon Bonds

Bonds that are issued at a discount to their face value and do not pay periodic interest, but rather pay the face value at maturity.

Yield

The income return on an investment, such as the interest or dividends received, typically expressed as an annual percentage rate based on the investment's cost, its current market value, or its face value.

Face Value

The nominal or dollar value stated on a security or financial instrument, such as a bond or stock.

Real Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing.