For Work Done During June,Prints Company Incurred Direct Materials Costs

question 24

Multiple Choice

For work done during June,Prints Company incurred direct materials costs of $150,000 and conversion costs of $225,000.The company employs a traditional operating philosophy.At the end of August,it was determined that the Work in Process Inventory account had been assigned $2,000 of costs,and the ending balance of the Finished Goods Inventory account was $5,000.There were no beginning inventory balances.
-Using the information provided for Prints Company,how much was cost of goods manufactured during June?

• A)$375,000
• B)$373,000
• C)$370,000
• D)$377,000

---

Definitions:

Situational Cues

Environmental or contextual factors that guide people's behavior or perceptions in specific situations.

Exam Cheating

The act of using unauthorized means or methods to achieve higher grades or scores in educational assessments.

Defective Personalities

A pejorative term potentially referring to individuals who exhibit personality traits or behaviors considered abnormal or dysfunctional within their cultural context; however, it is not a widely accepted or respectful term in psychology.

Diffusion of Responsibility

A psychological phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of others, often cited in explaining bystander inaction.