For Work Done During August,Printing Press Company Incurred Direct Materials

question 100

Multiple Choice

For work done during August,Printing Press Company incurred direct materials costs of $151,000 and conversion costs of $250,000.The company employs a traditional operating philosophy.At the end of August,it was determined that the Work in Process Inventory account had been assigned $1,000 of costs,and the ending balance of the Finished Goods Inventory account was $3,000.There were no beginning inventory balances.How much was charged to the Cost of Goods Sold account during August?

• A) $401,000
• B) $400,000
• C) $398,000
• D) $397,000

Recognize the importance and methods of early discharge planning and preparing for patient transitions.

Utilize research findings and evidence-based practice to improve clinical care.

Understand the impact of health care policies, including the Affordable Care Act and Medicare, on patient care and health care delivery.

Understand the role and focus of community-based nursing practices.

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Definitions:

Selling Department

A division within a company responsible for managing sales activities and strategies to sell products or services.

Profit Center

A branch or division of a company that is responsible for generating its own revenue and profit.

Departmental Salary Expenses

Costs attributed to employee salaries within specific departments of an organization.

Direct Expenses

Costs that are directly traceable to the production of a specific good or service.