The Following Information Is Available for Barnes Company for the Fiscal

question 142

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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Cost of goods sold using absorption costing is:

• A) $246,667
• B) $120,000
• C) $180,000
• D) $40,000

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Definitions:

Input Stream

A stream that reads data from a source, such as a file, network connection, or keyboard input.

Binary File

A file that contains data in binary format, essentially any file that is not a text file, allowing for storing and reading data in a format specific to the application.

Input Stream

A stream that reads data from a source, such as a file, network connection, or keyboard input, into a program.

Binary File

A file type that contains data in binary form, typically not human-readable, used for storing complex data like images, audio, or compiled programs.