The Following Information Is Available for Barnes Company for the Fiscal

question 10

Multiple Choice

The following information is available for Barnes Company for the fiscal year ended December 31:
$\begin{array}{llr} \text { Beginning finished goods inventory in units } &0\\ \text {Units produced } &4,800\\ \text { Units sold } &4,000\\ \text { Sales } &\$400,000\\ \text { Materials cost } &\$96,000\\ \text { Variable conversion cost used } &\$48,000\\ \text { Fixed manufacturing cost} &\$72,000\\ \text { Indirect operating costs (fixed) } &\$80,000\\\end{array}$

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The variable costing ending inventory is:

• A) $36,000
• B) $8,000
• C) $40,000
• D) $24,000

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Definitions:

Standards Of Conduct

Formal or informal rules that govern behaviors within a group, organization, or society, often reflecting shared values and norms.

Morals

Principles or beliefs concerning the distinction between right and wrong or good and bad behavior, often shaped by cultural and personal values.

In-Group

A social group to which a person psychologically identifies as being a member.

Currying Favor

The act of using flattery or strategic friendliness to gain favor or advantaged treatment from someone, especially in a professional or political context.