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

question 54

Multiple Choice

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

• A) $2400000.
• B) $2580000.
• C) $2220000.
• D) $2760000.

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Definitions:

Freud

Sigmund Freud was an Austrian neurologist best known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Psychosexual Stages

Freud's theory of five developmental stages in childhood, each characterized by a different focus of libido (sexual drives).

Electra Complex

The Electra Complex is a psychoanalytic theory proposed by Carl Jung, suggesting that a young girl experiences subconscious romantic feelings towards her father and jealousy towards her mother.

Unconscious

A part of the mind that is not accessible to conscious thought, but which affects behaviors and emotions.