Laflin Company Reported the Following Year-End Information Laflin Company's Cost of Goods Manufactured for the Year Is

question 17

Multiple Choice

Laflin Company reported the following year-end information: $\begin{array}{lr}\text { Beginning work in process inventory } & \$ 1,080,000 \\\text { Beginning raw materials inventory } & 300,000 \\\text { Ending work in process inventory } & 900,000 \\\text { Ending raw materials inventory } & 480,000\\\text { Raw materials purchased } & 960,000 \\\text { Direct labor } & 900,000 \\\text { Manufacturing overhead } & 720,000\end{array}$ Laflin Company's cost of goods manufactured for the year is

• A) $2,400,000.
• B) $2,580,000.
• C) $2,220,000.
• D) $2,760,000.

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Definitions:

Focused Differentiation

A business strategy where a company targets a specific market niche, offering unique products or services that stand out from competitors.

Subscription-Based

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Internet Business Model

A strategy outlining how an organization will create value and make money through the use of the internet.

Emerging Technologies

New, innovative technologies that are currently developing or will be developed over the next few years, and which are expected to significantly alter the business and social environment.