The Balance in the Work in Process Inventory Account on October

question 77

Multiple Choice

The balance in the Work in Process Inventory account on October 1 was $14,000,and the balance on October 31 was $85,400.Costs incurred during the month were as follows: direct materials,$55,820;direct labor,$58,420;and overhead,$40,000.What amount was transferred to the Finished Goods Inventory account during October?

• A)$82,840
• B)$154,240
• C)$239,640
• D)$140,240

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Definitions:

Self-Esteem

An individual’s overall subjective emotional evaluation of their own worth.

Competent

Refers to having the necessary ability, knowledge, or skill to perform a task or job successfully.

Extrinsic

Originating from or motivated by external factors outside of the individual's own self, often relating to rewards or outside recognition.

Willingness

The quality or state of being prepared to do something; readiness.