For 2016, Sparkman Company Has Cost of Goods Manufactured of $500,000

question 20

Multiple Choice

For 2016, Sparkman Company has cost of goods manufactured of $500,000, beginning finished goods inventory of $25,000, and ending finished goods inventory of $20,000.How much is cost of goods sold?

• A)$505,000
• B)$495,000
• C)$545,000
• D)$455,000

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Definitions:

Majority

More than half of a particular group or amount, often referring to the requirement for decision-making in voting contexts.

Represented

To have one’s interests or viewpoints presented or advocated for, especially in contexts like negotiations or decision-making bodies.

Majority Unions

Organizations that represent the interests of a majority of workers in a particular sector or company, typically engaging in collective bargaining.

Nonmajority Unions

Labor unions that represent a segment of employees in a workplace without achieving majority status needed for formal recognition and bargaining.