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

question 101

Multiple Choice

Reference:
The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just completed year. $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 910 \\\hline \text { Raw materials inventory, beginning } & \$ 80 \\\hline \text { Raw materials inventory, ending } & \$ 20 \\\hline \text { Purchases of raw materials } & \$ 100 \\\hline \text { Direct labour } & \$ 130 \\\hline \text { Manufacturing overhead } & \$ 200 \\\hline \text { Administrative expenses } & \$ 160 \\\hline \text { Selling expenses } & \$ 140 \\\hline \text { Work in process inventory, beginning } & \$ 40 \\\hline \text { Work in process inventory, ending } & \$ 10 \\\hline \text { Finished goods inventory, beginning } & \$ 130 \\\hline \text { Finished goods inventory, ending } & \$ 150 \\\hline\end{array}$$
-The cost of goods manufactured for the year (in thousands of dollars) was:

• A)$530.
• B)$520.
• C)$460.
• D)$500.

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Definitions:

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Structural Functionalism

A sociological theory that views society as a complex system whose parts work together to promote solidarity and stability.

Symbolic Interactionism

A sociological perspective focusing on the role of symbols and language in human interactions and how they influence the way individuals perceive and define their social world.

Group Processes

The dynamic interactions and methods through which individuals in a group interact, communicate, and make decisions.