Travis Company Had No Beginning Work in Process or Finished

question 139

Multiple Choice

Travis Company had no beginning work in process or finished goods.Its total manufacturing costs for the year were $427,000.If cost of goods manufactured was $332,000 and cost of goods sold was $250,000,the amount of ending work in process would have been:

• A) $82,000.
• B) $105,000.
• C) $95,000.
• D) $127,000.

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Definitions:

Implicit Attitudes

unconscious beliefs or feelings toward persons, groups, or symbols that influence a person's reactions and decisions unbeknownst to them.

Automatic Associations

are quick, involuntary connections made between concepts, emotions, or behaviors based on past experiences and knowledge.

Experiential System

A cognitive process based on sensory experiences, intuition, and personal feelings, as opposed to analytical thinking.

Schema Accessibility

The ease with which a mental schema is activated in one's mind, influencing perception and behavior in specific situations.