QUESTION 2 Twisted Pretzel, Inc. had beginning Work-in-Process Inventory (WIP) of $10,000 and makes only one product. It incurred the following costs during the year: Factory production worker wages $ 70,000 Direct materials 40,000 Allocated factory rent 60,000 Allocated factory utilities 50,000 Sales commissions 100,000 At the end of the year WIP totaled $ 4,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.