The Following Is the Data for Lauren Enterprises $\text { Inventories }$

question 148

Multiple Choice

The following is the data for Lauren Enterprises: $\begin{array}{lr}\text { Selling and administrative expenses } & \$ 75,000 \\\text { Direct materials used } & 265,000 \\\text { Direct labor }(25,000 \text { hours) } & 300,000 \\\text { Factory overhead application rate } & \$ 16 \text { per DLH }\end{array}$

$\text { Inventories }$
$\begin{array}{lrr}&\text { Beginining } & \text { Ending }\\\hline\text { Direct materials } & \$ 50,000 & \$ 45,000 \\W \text { ork in process } & 75,000 & 90,000 \\\text { Finished goods } & 40,000 & 25,000\end{array}$ What is the cost of goods sold?

• A)$565,000
• B)$950,000
• C)$965,000
• D)$980,000

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Definitions:

Discrimination

Unfair or unjust treatment of people based on characteristics such as race, age, sex, or disability.

Corporate Culture

The shared values, behaviors, ethics, and organizational ethos that characterizes members of a corporation or business.

Wrongful Hiring

A legal claim that arises when an employer negligently hires an employee who is unfit or dangerous, leading to harm or damage.

Constructive Dismissal

A situation where an employee resigns due to the employer creating a hostile or untenable work environment, effectively being forced out.