Figure 5 - 6 in the Mains Company, the Following

question 82

Multiple Choice

Figure 5 - 6 In the Mains Company, the following Job cards were totaled at the end of the month:
Job 243 $5,750
Job 244 $4,980
Job 245 $3,675
Job 246 $4,250
Job 247 $5,100
Job 248 $3,800
Jobs 243 and 244 were in Finished Goods Inventory at the beginning of the month.Jobs 245 and 246 were in Work-in-process at the beginning of the month.Jobs 247 and 248 were started during the month.At the end of the month, Jobs 243 and 247 were sent to customers; jobs 245, 247, and 248 were completed and sent to finished goods.
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Refer to Figure 5-6.What is the cost of goods sold for the month?

• A) $10,730
• B) $10,850
• C) $12,575
• D) none of these

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Definitions:

National Health Insurance

A program in which a nation’s government provides a basic package of health care to all citizens at no direct charge or at a low cost-sharing level. Financing is out of general tax revenues.

Nonprice Rationing

Refers to the distribution of goods and services based on criteria other than price, such as waiting times or ration coupons.

New Taxes

New Taxes refer to newly implemented fiscal charges by a government on individuals or corporations aimed at generating revenue for public expenditures or influencing economic behavior.

Fee-For-Service Basis

A payment model where services are unbundled and paid for separately, commonly used in healthcare sectors.