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Harding Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment

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Harding Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 Based on the data for Harding Company, what is the amount of quick assets? a. 566,000 O b. $131,000 O c. $205.000 O d. $203,000 Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: $40,000 Work in process, beginning of period Costs added during period: Direct materials (10,400 units at 58) Direct labor Factory overhead 83,200 63,000 25,000 All direct materials are placed in process at the beginning of production and the first in, fint out method of inventory costing is used. The total cost of the departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places is O a $16,163 b. 528,935 OC. $21.432 O d. 535,670 During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 for general factory use. Factory overhead applied to production was $32,000. The journal entry to record the actual factory overhead costs incurred is a. Factory Overhead 25,000 Wages Payable 25,000 b. Work in Process 25,000 Wages Payable 25,000 O c. Factory Overhead 32,000 Accounts Payable 32,000 d. Accounts Payable 25,000 Factory Overhead 25,000

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