Michelle's Has the Following Transactions for the Month of October $\begin{array}{lr}\text { Materials } & \$ 17,890 \\\text { Work in process } & 0 \\\text { Finished goods } & 8,321\end{array}$

question 176

Multiple Choice

Michelle's has the following transactions for the month of October:
1.Purchased materials on account for $111,482.
2.Materials requisitioned for $82,383.
3.Direct labour of $51,000 was incurred (but not yet paid) .
4.Actual overhead for the month was $33,000. It has not been paid yet (charge to various payables) .
5.Overhead is applied to production at the rate of 70% of direct labour.
6.Jobs totalling $56,000 were transferred from work in process to finished goods.
7.Jobs costing $41,000 were sold.Balances at the beginning of the month were:
$\begin{array}{lr}\text { Materials } & \$ 17,890 \\\text { Work in process } & 0 \\\text { Finished goods } & 8,321\end{array}$
-Refer to the Figure.What is the ending balance in work in process?

• A)$110,383
• B)$113,083
• C)$166,383
• D)$169,083

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Definitions:

Resting Potential

The electrical charge of a neuron when it is not active, creating a stable environment that prepares the neuron for activation.

Reticular Formation

A network of neurons in the brainstem involved in consciousness, sleep-wake cycles, and filtering incoming stimuli to discriminate irrelevant background information.

Sodium

Sodium is a chemical element with the symbol Na and atomic number 11, essential for human health in small amounts but often discussed in the context of dietary intake and health effects.

Membrane

A selective barrier that permits the passage of certain substances while blocking others.