The Machining Department Started the Current Month with Beginning Goods

question 93

Multiple Choice

The Machining Department started the current month with beginning goods in process inventory of $10,000.During the month,it was assigned the following costs: direct materials,$76,000; direct labor,$24,000; and factory overhead,50% of direct labor cost.Also,inventory with a cost of $109,000 was transferred out of the department to the next phase in the process.The ending balance of the Goods in Process Inventory account for the Machining Department is:

• A) $13,000
• B) $1,000
• C) $49,000
• D) $110,000
• E) $3,000

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Definitions:

False Recollection

The phenomenon of remembering something inaccurately, involving the creation of fabricated or distorted recollections, often with high confidence in their veracity.

Proactive Interference

A type of memory interference where old information makes it harder to learn and remember new information.

False Eyewitness

A situation where a witness of an event gives inaccurate, misleading, or mistaken testimony.

Misinformation Effect

A situation where the accuracy of a person's episodic memory deteriorates because of information encountered after the event.