Use the Information Below to Answer the Following Question(s)

question 21

Multiple Choice

Use the information below to answer the following question(s) .Canadian Oil Company manufactures cooking oils.All direct materials are added at the beginning of the production process.The company currently uses the FIFO method.Data for the month of July is listed below.
-What is the amount of direct materials assigned to ending work-in-process?

• A)$63,000
• B)$42,000
• C)$36,600
• D)$21,050
• E)$17,000

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Definitions:

Heuristic

A problem-solving approach using practical methods or shortcuts to generate solutions that are not guaranteed to be optimal.

Algorithm

A step-by-step procedure or formula for solving a problem or completing a task, often used in computing and mathematics.

Syllogism

A form of deductive reasoning consisting of a major premise, a minor premise, and a conclusion, used in logic to form arguments.

Reinforcement

A process in operant conditioning that increases the likelihood of a behavior by adding a positive stimulus or removing a negative one.