Rodriguez,Inc

question 149

Multiple Choice

Rodriguez,Inc.had the following balances and transactions during 2017,from January 1 to December 31:

What would be reported for Ending Merchandise Inventory on the balance sheet at December 31,2017 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar. )

• A)$33,040
• B)$16,200
• C)$32,400
• D)$48,600

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Definitions:

Cost Of Goods Manufactured

The total production cost of goods completed during a specific period, whether they are sold or not.

Cost Of Goods Sold

Direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Total Quality Management

A management approach focused on improving the quality of an organization's outputs, including goods and services, through continual feedback and improvements.

Zero Defects

A performance standard aiming for no defects in the production process to enhance product quality.