Use the Following Information Regarding Black Company and Red Company

question 99

Multiple Choice

Use the following information regarding Black Company and Red Company to answer the question "Which of the following is Black Company's "cost of goods sold" for 2016 (to the closest dollar) ?" $$\begin{array}{l}\begin{array} { | l | c | c | c | } \hline & \text { Year } & \begin{array} { c } \text { Inventory } \\\text { Turnover }\end{array} & \text { Ending Inventory } \\\hline \text { Black Company } & 2015 & & \$ 26,340 \\\hline & 2016 & 8.7 & \$ 29,890 \\\hline & 2017 & 8.4 & \$ 30,100 \\\hline\\\hline \text { Red Company } & 2015 & & \$ 25,860 \\\hline & 2016 & 6.8 & \$ 24,750 \\\hline & 2017 & 7.5 & \$ 22,530 \\\hline\end{array}\end{array}$$

• A)$252,840
• B)$260,043
• C)$244,601
• D)$260,957

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Definitions:

Plasmids

Circular DNA molecules that can replicate independently of the chromosomal DNA, often found in bacteria and used in genetic engineering.

Vertical Gene Transfer

The transmission of genetic material from parent organisms to their offspring, following the traditional flow of genetic information.

Antibiotic Resistance

The ability of bacteria to withstand the effects of an antibiotic to which they were once sensitive.

Genetic Material

The DNA or RNA present in cells which codes for genetic information necessary for the development, functioning, and reproduction of living organisms.