77.The completion of a computer by First Wireless, Inc. would require a debit to which of the following accounts?
A. Cost of Goods Sold.
B. Work in Process Inventory.
C. Finished Goods Inventory.
D. Materials Inventory.
78.Refer to the above data. The total amount of inventory to be included in Elite's August 31st
balance sheet amounts to:
A. $135,000.
B. $210,000.
C. $160,000.
D. Some other amount.
79.Refer to the above data. Total manufacturing costs charged (debited) to Work in Process during August amount to:
A. $60,000.
B. $125,000.
C. $110,000.
D. Some other amount.
80.Refer to the above data. The cost of finished goods manufactured in August is:
A. $147,000.
B. $92,000.
C. $57,000.
D. Some other amount.
81.Refer to the above data. The cost of goods sold in August is:
A. $75,000.
B. $17,000.
C. $135,000.
D. Some other amount.
82.Refer to the above data. The total amount of inventory to be included in Imperial's September 30th
balance sheet amounts to:
A. $255,000.
B. $123,000.
C. $185,000.
D. Some other amount.
83.Refer to the above data. Total manufacturing costs charged (debited) to Work in Process during September amount to:
A. $180,000.
B. $170,000.
C. $172,000.
D. Some other amount.
84.Refer to the above data. The cost of finished goods manufactured in September is:
A. $190,000.
B. $180,000.
C. $213,000.
D. Some other amount.
85.Refer to the above data. The cost of goods sold in September is:
A. $190,000.
B. $158,000.
C. $168,000.
D. Some other amount.
86.Alton Company produces metal belts. During the current month, the company incurred the following product costs:
Raw materials $100,000
Direct labor $75,000
Electricity used in the Factory $25,000
Factory foreperson salary $3,750
Maintenance of factory machinery $2,000
Alton Company's indirect product costs totaled:
A. $175,000.
B. $30,750.
C. $75,000.
D. $28,750.