Answer:
The correct option is True.
Explanation:
Every Supply Chain is generally divided into the two segments. Upstream and Downstream.
In the upstream segment, generally the dealings are with the raw material suppliers, packaging suppliers, and other suppliers from which the organization is receiving something.
The downstream segment is where the organization is selling, delivering and forwarding something.
It is similar to standing on a stream and adding water into it. The Upstream is what you are getting and the downstream is what you are giving.
Answer:
The cost of goods manufactured for June was $139,000
Explanation:
The cost of goods manufactured for June was shown below:
= Opening work in progress + direct material cost + direct labor cost + manufacturing overhead cost applied to work in progress - ending work in progress
= $22,000 + $55,000 + $28,000 + $51,000 - $17,000
= $139,000
The actual manufacturing overhead cost is irrelevant as it is not related to the work in progress that's why it is not be considered in calculation part.
Hence, The cost of goods manufactured for June was $139,000