The Peric Manufacturing Shop Produces Motorcycle Parts B) C) D)

question 14

Multiple Choice

The Peric Manufacturing Shop produces motorcycle parts.Typically,12 pieces out of a job lot of 1,000 parts are spoiled.Costs are assigned at the inspection point,$40.00 per unit.Spoiled pieces may be disposed at $8.00 per unit.The spoiled goods must be inventoried appropriately when the normal spoilage is detected.The current job requires the production of 3,000 good parts. Which of the following journal entries properly reflects the recording of spoiled goods?

• A)\(\begin{array}{lr}
• \text { Materials Control } & 200 \\
• \text { Manufacturing Overhead Control } & 1,000\\
• \text { Work-in-Process Control }&1,200
• \end{array}\)
• B)\(\begin{array}{lr}
• \text { Materials Control } & 288 \\
• \text { Manufacturing Overhead Control } & 1,152\\
• \text { Work-in-Process Control }&1,440
• \end{array}\)
• C)\(\begin{array}{lr}\text { Work-in-Process Control }&1,440\\
• \text { Materials Control } & 288 \\
• \text { Manufacturing Overhead Control } & 1.152
• \end{array}\)
• D)\(\begin{array}{lr}\text { Manufacturing Overhead Control }&1,200\\
• \text { Materials Control } & 200 \\
• \text { Work-in-Process Control }& 1,000
• \end{array}\)

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Definitions:

Inclusive Group

An entity or organization that prioritizes diversity and equal participation, welcoming members from a wide range of backgrounds and perspectives.

Greenback-Labor Party

A political party in the United States during the late 19th century that advocated for the use of paper money not backed by gold to help farmers and laborers.

Money Supply

The total amount of money available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Government Control

The extent to which a government has authoritative influence or regulation over the activities within its jurisdiction.