The Work in Process Account for Chambers Company Contained the Following

question 34

Multiple Choice

The work in process account for Chambers Company contained the following entries: Debit of $80,000 for direct raw materials
Debit of $120,000 for direct labor
Debit of $60,000 for manufacturing overhead
Ending balance,$84,000,associated with Job #2
The company uses a job-order cost system.Work was only performed on two jobs during the period.The beginning balance in work in process was zero.What was the cost of Job #1,which was started and completed during the period?

• A) $180,000
• B) $148,000
• C) $132,000
• D) $176,000

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Definitions:

Genotype

A genetic constitution of an individual organism, encompassing all the genetic information.

Phenotype

The observable physical or physiological traits of an organism, resulting from the interaction of its genotype with the environment.

Genome

The complete set of genes or genetic material present in a cell or organism, representing all the inheritable traits.

Astigmatism

A common vision condition caused by an irregularly shaped cornea or lens, leading to blurred or distorted vision.