Given the Following Data for Harder Company Compute Cost of Goods

question 49

Multiple Choice

Given the following data for Harder Company compute cost of goods manufactured: $\begin{array} { l r l r } \text { Direct materials used } & \$ 120,000 & \text { Beginning work in process } & \$ 20,000 \\\text { Direct labor } & 200,000 & \text { Ending work in process } & 10,000 \\\text { Manufacturing overhead } & 180,000 & \text { Beginning finished goods } & 25,000 \\\text { Operating expenses } & 175,000 & \text { Ending finished goods } & 15,000\end{array}$

• A) $490000
• B) $500000
• C) $510000
• D) $520000

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Definitions:

FAIS

The Financial Advisory and Intermediary Services Act, legislation aimed to regulate the offering of certain financial advisory and intermediary services to customers.

CRM

Customer Relationship Management, a technological approach to managing a company's interactions with current and potential customers, focusing on nurturing relationships to drive sales growth.

DSS

Stands for Decision Support System, a computer-based information system that supports business or organizational decision-making activities.

TPS

A Transaction Processing System is an information system designed to gather, store, alter, and recover an organization's transaction data.