Reference:
the Following Data (In Thousands of Dollars) Have

question 70

Multiple Choice

Reference:
The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year. $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 800 \\\hline \text { Raw materials inventory, beginning } & \$ 60 \\\hline \text { Raw materials inventory, ending } & \$ 70 \\\hline \text { Purchases of raw materials } & \$ 180 \\\hline \text { Direct labour } & \$ 100 \\\hline \text { Manufacturing overhead } & \$ 190 \\\hline \text { Administrative expenses } & \$ 110 \\\hline \text { Selling expenses } & \$ 150 \\\hline \text { Work in process inventory, beginning } & \$ 70 \\\hline \text { Work in process inventory, ending } & \$ 80 \\\hline \text { Finished goods inventory, beginning } & \$ 120 \\\hline \text { Finished goods inventory, ending } & \$ 160 \\\hline\end{array}$$
-The cost of goods manufactured or the year (in thousands of dollars) was:

• A)$450.
• B)$530.
• C)$470.
• D)$540.

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Definitions:

Giftedness

Characteristics referring to individuals, particularly children, who exhibit exceptional levels of aptitude or competence in one or more domains.

Creativity

The use of imagination or original ideas to create something; inventiveness that is often applied in artistic endeavours and problem-solving.

Creativity

The ability to produce original ideas, approaches, or solutions to problems, characterized by innovation and imagination.

Social Conflict

A situation where individuals or groups have opposing interests, values, or needs, often leading to tension and disputes.