Caltran,Inc B) C) D)

question 124

Multiple Choice

Caltran,Inc.completed manufacturing Job 445.It included $350 of direct materials cost,$1240 of direct labor cost,and $500 of allocated manufacturing overhead.Which of the following is the correct journal entry needed to record the completed job?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Work-in-Process Inventory } & 2090 & \\
• \hline \text { Finished Goods Inventory } & & 2090 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Finished Goods Inventory } & 2090 & \\
• \hline \text { Materials Inventory } & & 2090 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Work-in-Process Inventory } & 1590 & \\
• \hline \text { Cost of Goods Sold } & & 1590 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Finished Goods Inventory } & 2090 & \\
• \hline \text { Work-in-Process Inventory } & & 2090 \\
• \hline
• \end{array}\]

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Definitions:

Closing Arguments

The final statements made by attorneys in a trial to summarize the case and persuade the jury or judge to support their position.

Closing Argument

The argument made by each side’s attorney after the cases for the plaintiff and defendant have been presented. Closing arguments are made prior to the jury charges.

Plaintiff

The party who initiates a lawsuit in civil court, claiming to have incurred loss or damage due to the defendant's actions.

Defendant

The entity being sued in legal proceedings within a courtroom.