Assume the Following Data for Gross, Inc What Is the Cost of Goods Manufactured for February?
A)£470,000

question 22

Multiple Choice

Assume the following data for Gross, Inc., for February: $\begin{array}{lr}\text { Beginning finished goods inventory } & £ 60,000 \\\text { Beginning work-in-prgress inventory } & 40,000 \\\text { Ending work-in-progress inventory } & 80,000 \\\text { Ending finished goods inventory } & 50,000 \\\text { Actual factory overhead costs } & 200,000 \\\text { Direct materials used } & 160,000 \\\text { Direct labour } & 100,000\end{array}$ What is the cost of goods manufactured for February?

• A)£470,000
• B)£420,000
• C)£460,000
• D)£430,000

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Definitions:

Law Of Effect

A principle of learning proposing that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Learning Set

The ability to become increasingly effective in solving problems over time as one gains experience.

Rote Behavior

Actions performed mechanically or automatically, without thought or intention, often through memorization or repetition.