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:

Maritime Provinces

A region in eastern Canada consisting of three provinces: New Brunswick, Nova Scotia, and Prince Edward Island, known for their coastlines and maritime culture.

Serial-position Effect

A psychological phenomenon where an individual is more likely to remember the first and last items in a series better than the middle items.

Long-term Memory

A type of memory responsible for the storage of information over extended periods, anything from hours to a lifetime.

Sensory

Relating to sensation or the physical senses; transmitted or perceived by the senses.