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.

---

Definitions:

Graduated Commission

A commission structure where the rate of commission increases with the amount of sales or revenue generated.

Gross Salary

The total of an employee's regular earnings before taxes and other deductions.

Annual Salary

The total amount of money earned by an employee in a year, not including bonuses or other extra payments.

Salary Per Period

Salary per period refers to the total compensation an employee receives in each payment cycle, such as monthly or bi-weekly.