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:

Observation

The process of carefully watching, listening, and noting phenomena as they occur naturally without any manipulation by the observer.

Insight Therapist

A mental health professional who focuses on helping individuals gain insight into their feelings, thoughts, and behaviors to facilitate healing and change.

Motives

Internal processes that energize, direct, and sustain behavior.

Insight Therapies

A variety of psychotherapy methodologies focused on helping individuals gain insight into their problems and understand the underlying motives of their behaviors.