HiTech Housing Uses Job-Order Costing -Refer to the Figure

question 62

Multiple Choice

HiTech Housing uses job-order costing. At the end of the month, the following data were gathered:
HiTech Housing's selling price is cost plus 50% for each of its houses.
$\begin{array}{lrrr}\text { Job \# } & \text { Total Cost } & \text { Complete? } & \text { Sold? } \\529 & \$ 409 & \text { no } & \text { no } \\530 & \$ 513 & \text { yes } & \text { no }\\531 & \$ 115 & \text { no } & \text { no } \\532 & \$ 790 & \text { yes } & \text { yes } \\533 & \$ 650 & \text { yes } & \text { no } \\534 & \$ 540 & \text { no } & \text { no } \\535 & \$ 90 & \text { no } & \text { no } \\536 & \$ 970 & \text { yes } & \text { yes } \\537 & \$ 179 & \text { no } & \text { no } \\538 & \$ 400 & \text { no } & \text { no }\end{array}$
-Refer to the Figure.What is the total in the work-in-process account?

• A)$1,163
• B)$1,733
• C)$1,760
• D)$2,923

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Definitions:

Sales Presentation Methods

Various techniques used by salespeople to convey the benefits and features of a product or service to potential customers, aiming to persuade them to make a purchase.

Department Store Buyers

Professionals responsible for selecting and purchasing merchandise for resale in department stores, often specializing in specific categories of goods.

Formula Presentation Approach

A structured method of presenting information or a proposal, often using a predefined formula or template.

Stage Productions

The process and execution of presenting a performance on stage to an audience, involving actors, directors, and crew.