Fire Cat,Inc What Is the Total of Manufacturing Costs Incurred by Fire

question 110

Multiple Choice

Fire Cat,Inc.selected cost data for the year are shown below: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 145,500 \\\hline \text { Work-in-Process Inventory, Jan. 1 } & 19,500 \\\hline \text { Work-in-Process Inventory, Dec. 31 } & 22,000 \\\hline \text { Direct Materials Used } & 18,600 \\\hline\end{array}$$ What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?

• A) $148,000
• B) $143,000
• C) $22,900
• D) $38,100

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Definitions:

Direct Investment

A financial investment in a business by purchasing ownership directly in the company, often implying a long-term commitment.

International Business

Commercial transactions that occur across national borders, including trade, investments, and other business activities.

Market Entry Strategies

Approaches employed by companies to enter new markets, including export, joint venture, franchising, and direct investment.

Neutral Versus Affective

A distinction in communication styles or cultural norms, where 'neutral' implies limited outward emotional expression, and 'affective' involves expressive communication and behavior.