Chapter 3

Multiple Choice – Problems 1

1. C. 350,000 11. D. 150,000

2. B. 200,000 12. A. 0

3. A. 0 13. A. 0

4. B. 4,000 14. D. December 25, 2019

5. A. 0 15. D. June 25, 2020

6. A. 0

7. C. 436,000

8. B. 200,000

9. B. 250,000

10. B. 30,000

Multiple Choice – Problems 2

1. C. 480,000 11. C. 300,000

2. C. August 20, 2020 12. A.

3. D. October 25. 2020 13. C.

4. C. 160,000 14. B.

5. C 15. C. 27,000

6. A. 16. B. 24,000

7. C. 17.

8. D. 18. C. 36,000

9. A. 19. D. 3,300 (110,000x3%)

10. B. 20. D. 6,000 (52,000+4,000CWT=56,000x12/112=6,000)