The Cost of Raw Materials Transferred to Production in 2019

question 50

Multiple Choice

$$\begin{array} { l r r } & 2018 & 2019 \\\text { Finished goods inventory } & \$ 20000 & \$ 10000 \\\text { Work in process inventory } & 12000 & 15000 \\\text { Raw materials inventory } & 6000 & 8000 \\\text { Purchases of raw materials } & & 17000 \\\text { Cost of goods manufactured } & & 50000\end{array}$$ The cost of raw materials transferred to production in 2019 is:

• A) $15 000.
• B) $19 000.
• C) $27 000.
• D) $50 000.

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Definitions:

Binomial Distribution

The binomial distribution is a probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.

At Least One

implies the occurrence of one or more events in the context of probability.

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