Department ABC
the Following Information Is Available for Department ABC

question 94

Multiple Choice

Department ABC
The following information is available for Department ABC for the month of September: $\begin{array}{lll}&\text { Units }&\text { Cost }\\\text { Work-in-Process Inventory, September } 1 \text { ( } 70 \% \text { complete) }&5,000\\\text { Direct materials } & \$ 6,000 \\\text { Direct labour } & & 3,000 \\\text { Manufacturing overhead } && 4,000 \\\\\text { Total Work-in-Process Inventory, September } 1&\$13,000\\\text { Started in production during September }&20,000\\\text { Costs added: }\\\text { Direct materials } & \$ 18,000 \\\text { Direct labour } && 8,000 \\\text { Manufacturing overhead } && 10,000\\\text { Total costs added during September }&&\$36,000\end{array}$ Work-in-Process Inventory, September 30, (80% complete) 2,000
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)
-Refer to Department ABC. What would be the cost of goods transferred out when using the FIFO costing method?

• A) $40,250
• B) $44,500
• C) $45,540
• D) $45,775

Identify and understand the term describing the roles and experiences within occupational groups in an institution.

Understand the concept of racial justice and democracy at the institutional level.

Grasp the 80/20 phenomenon in the context of social movements and policy making.

Recognize the importance and limitations of diversity training in addressing structural racism.

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Definitions:

Freshman Year

The first year of a student's high school or college education, often characterized by adjustment to new academic and social environments.

P-value

A statistical measure that helps determine the significance of results by indicating the probability of observing the results given that the null hypothesis is true.

Placebo Group

A control group in a clinical trial that receives a sham treatment, allowing researchers to measure the effect of the actual treatment by comparison.

Treatment Group

A group in an experimental study that receives the intervention or treatment being tested.