At the beginning of the year, Judge Manufacturing had the following account balances
Work-in-Process Inventory
20,000
Finished Goods Inventory
8,000
Manufacturing Overhead
0
Cost of Goods Sold
0
Sales Revenue
0
The following additional details are provided for the year:
Direct materials placed in production $83,500
Direct labor incurred 190,500
Manufacturing overhead incurred 300,400
Manufacturing overhead allocated to production 297,900
Cost of jobs completed and transferred 501,700
The ending balance in the Finished Goods Inventory account is a ________.
A) debit of $509,700
B) debit of $501,700
C) debit of $8,000
D) debit of $571,900
A .
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Which of the following is a challenge faced by the acceptable risk approach to health and safety?
A. It does not assume equivalency between workplace risks and other types of risks when there are significant similarities between them. B. It involves the determination of "relative risks," the calculation of which is a complicated process and not always reliable. C. It improperly places incentives because the risks faced at work could be controlled by others who might stand to benefit by not reducing them. D. It is a liberal approach to health and safety that allows employees to recognize the risk they are likely to face.
Preparing a bank reconciliation on a monthly basis is an example of:
A. Separation of duties. B. Poor internal control. C. Establishing responsibility. D. A technological control. E. Protecting assets by proving the accuracy of cash records.
Because strict liability is a tort doctrine, privity does not apply, therefore even bystanders can
recover under strict liability. Indicate whether the statement is true or false
The money market includes transactions in short-term financial instruments
Indicate whether the statement is true or false