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:

Sedimentary Rock

Rock formed by the deposition and subsequent cementation of mineral and organic particles on the earth's surface and within bodies of water.

Discrete Event

An occurrence that can be distinctly separated in time from other occurrences, often used in the context of simulation or event-driven programming.

Climate Change

Long-term alteration in Earth’s climate patterns, often attributed to human activities such as fossil fuel combustion, leading to global warming and shifting weather patterns.

Peat Formation

The process by which plant material is partially decomposed in waterlogged conditions, leading to the accumulation of organic matter known as peat.