The Juarez Corporation Incurred the Following Transactions During Its First

question 99

Multiple Choice

The Juarez Corporation incurred the following transactions during its first year of operations.(Assume all transactions involve cash) .
1) Acquired $1,000 of capital from the owners.
2) Purchased $400 of direct raw materials.
3) Used $300 of these direct raw materials in the production process.
4) Paid production workers $400 cash.
5) Paid $200 for manufacturing overhead (applied and actual overhead are the same) .
6) Started and completed 200 units of inventory.
7) Sold 50 units at a price of $6 each.
8) Paid $40 for selling and administrative expenses.
The amount of cost of goods manufactured would be:

• A)$1,000.
• B)$900.
• C)$800.
• D)$600.

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Definitions:

Axon

A long, narrow outgrowth of a neuron’s cell body that lets the neuron transmit information to other neurons.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems involved in muscle activation and memory among other functions.

Antagonist

A substance that blocks or inhibits the effect of a neurotransmitter or hormone, or a character in conflict with the protagonist in literature.

Receptor Sites

Specific locations on the surface of a cell or within cells that are designed to bind with neurotransmitters, hormones, or drugs, triggering a biological response.