Reference:
Boardman Company Reported the Following Data for the Month

question 97

Multiple Choice

Reference:
Boardman Company reported the following data for the month of January: $$\begin{array}{l}\begin{array} { | l | l | l | } \hline \text { Inventories: } & 1 / 1 & 1 / 31 \\\hline \text { Raw materials } & \$ 32,000 & \$ 31,000 \\\hline \text { Work in process } & \$ 18,000 & \$ 12,000 \\\hline \text { Finished goods } & \$ 30,000 & \$ 35,000 \\\hline\end{array}\\\begin{array} { | l | r | } \hline \text { Additional information: } & \\\hline \text { Sales revenue } & \$ 210,000 \\\hline \text { Direct labour costs } & 40,000 \\\hline \text { Manufacturing overhead costs } & 70,000 \\\hline \text { Selling expenses } & 25,000 \\\hline \text { Administrative expenses } & 35,000 \\\hline\end{array}\end{array}$$
-Assume that cost of goods sold for January was $124,000. The net income for January was:

• A)$51,000.
• B)$25,000.
• C)$61,000.
• D)$26,000.

---

Definitions:

Thomas Nagel

Thomas Nagel is an American philosopher known for his work in the areas of philosophy of mind, political philosophy, and ethics, notable for questioning the subjective and objective viewpoints.

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than external facts.

Consciousness

Consciousness is the state of being aware of one's own existence, sensations, thoughts, and environment.

Mondegreens

Misheard or misinterpreted phrases, typically in song lyrics, due to near-homophony.