Travis Company Had No Beginning Work in Process or Finished

question 139

Multiple Choice

Travis Company had no beginning work in process or finished goods.Its total manufacturing costs for the year were $427,000.If cost of goods manufactured was $332,000 and cost of goods sold was $250,000,the amount of ending work in process would have been:

• A) $82,000.
• B) $105,000.
• C) $95,000.
• D) $127,000.

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Definitions:

Shortage

At a given price, the amount by which quantity demanded exceeds quantity supplied; a shortage usually forces the price up.

Low-Calorie Substitutes

Food or drink products with fewer calories than the standard versions, often used for weight management.

Saccharin

An artificial sweetener used as a sugar substitute, known for its zero-calorie content but with a somewhat bitter aftertaste.

Aspartame

Aspartame is an artificial, non-saccharide sweetener used as a sugar substitute in many foods and beverages.