The Following Information Was Provided by Wilson Company for the Year

question 35

Multiple Choice

The following information was provided by Wilson Company for the year just ended: $$\begin{array} { | l | r | } \hline \text { Beginning finished goods inventory } & \$ 150,750 \\\hline \text { Ending finished goods inventory } & \$ 140,475 \\\hline \text { Sales } & \$ 475,000 \\\hline \text { Gross margin } & \$ 150,000 \\\hline\end{array}$$ The cost of goods manufactured for the year was:

• A)$325,000.
• B)$333,275.
• C)$314,725.
• D)$334,275.

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Definitions:

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Durable

Refers to goods that are designed to last and not wear out quickly, often used in contrast to consumable goods.

Price Information

Data or details about the cost of goods or services, which helps consumers and businesses make purchasing decisions.

Ocean Liner

A large, passenger ship designed for long-distance voyages, often associated with luxury and transoceanic travel.