Department G had 3,600 units, 25% completed at the beginning of the period, 15,000 units were completed during the period, 3,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 at
$8 ) 83,200 Direct labor 63,000 Factory overhead 25,000 Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places)?
A) $16,163
B) $21,432
C) $35,670
D) $20,925
D
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Johnson bought a parcel of land for $63,360. Disregarding interest charges on any financing involved, property taxes, and all other variables, if it costs 12% of the future selling price to market this lot, how much must the property increase in value before it can be re-sold without loss:
A: 24%; B: 112%; C: $4,320; D: $8,640.
Although companies set standards for ethical behavior, the ultimate decision on whether to abide by ethical principles rests with the individual
Indicate whether the statement is true or false.