The following events took place at a manufacturing company for the current year:(1) Purchased $95,000 in direct materials.(2) Incurred labor costs as follows: (a) direct, $56,000 and (b) indirect, $13,600.(3) Other manufacturing overhead was $107,000, excluding indirect labor.(4) Transferred 80% of the materials to the manufacturing assembly line.(5) Completed 65% of the Work-in-Process during the year.(6) Sold 85% of the completed goods.(7) There were no beginning inventories.What is the value of the ending Finished Goods Inventory?
A. $164,190.00.
B. $26,481.00.
C. $13,261.50.
D. $24,628.50.
Answer: D
Business
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What will be an ideal response?
Business
Variable costing and absorption costing income statements may differ because of their treatment of fixed selling and administrative costs
Indicate whether the statement is true or false
Business
In the context of ethical behavior,encouraging fraudulent accounting isillegal and unethical.
Answer the following statement true (T) or false (F)
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