On January 1, 20x3, Fallon Company, a manufacturer of consumer products, had a balance in direct materials inventory of $100,000 . During the year, an additional $400,000 of direct materials were purchased. Also during 20x3, direct materials worth $450,000 were transferred to work-in-process inventory. What was Fallon Company's ending direct materials inventory at December 31, 20x3?
a. $15,000
b. $25,000
c. $50,000
d. $100,000
e. $0
C
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In Southern China, McDonald's is careful not to advertise prices with multiple occurrences of the number 4 because:
A) prices ending in odd numbers are preferred in China. B) there is no number four in the Chinese language. C) the word four is pronounced similar to the word death in Cantonese. D) multiple occurrences are considered as unlucky in China. E) prices are not included on menus in China.
A transfer pricing system is also known as
a. investment center accounting. b. a revenue allocation system. c. responsibility accounting. d. a charge-back system.
Which of the following is the LEAST relevant characteristic that a salesperson should consider when qualifying a prospect?
A) financial ability B) longevity in the market C) credit history D) volume of business E) likely level of loyalty
Which one of the following does NOT fit with open systems?
A. Maintains the status quo and changes the organization's publics. B. Changes public relations from how it is typically practiced. C. Suggests adjustment and adaptation and appropriate responses to the environment. D. Uses two-way symmetric communication. E. Employs professional as opposed to craft practitioners.