Figure 2-13 Inventory Balances for the James Enterprises in February

question 64

Multiple Choice

Figure 2-13 Inventory balances for the James Enterprises in February 2011 are as follows:
During February, purchases of direct materials were $36,000.Direct labor and factory overhead costs were $60,000 and $84,000, respectively.
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Refer to Figure 2-13.What are the total manufacturing costs added?

• A) $ 186,000
• B) $ 180,000
• C) $ 144,000
• D) $ 174,200

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Definitions:

Acquiring

The act of obtaining something, often referring to the purchase of another company or assets.

Maintaining

The act of keeping something in good condition by regularly checking and repairing it as needed.

Retaining

The act of keeping employees within an organization, typically through engagement strategies, benefits, and positive workplace culture.

Compensation Practices

The methods and strategies employed by organizations to determine and provide wages, salaries, and benefits to employees.