Maz-Ing Company Had a Beginning Inventory with a Cost of $1,000

question 149

Multiple Choice

Maz-Ing Company had a beginning inventory with a cost of $1,000. During the period, the company purchased additional inventory at a cost of $12,000. A physical count of the inventory at the end of the period showed goods at a cost of $3,000 on hand. What was the company's cost of goods available for sale for the period?

• A) $2,000
• B) $3,000
• C) $10,000
• D) $13,000

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Definitions:

Mental Module

A concept in cognitive science that suggests the mind consists of innate, self-contained units responsible for particular cognitive functions.

Nonverbal Actions

Communication methods not involving words, such as gestures, facial expressions, and body language, conveying messages and emotions.

Social Judgment

The process by which people make evaluations or judgments about other people, events, or ideas based on social and cultural norms.

Rational Decision Making

A multi-step process for making logically sound decisions that aims to follow the orderly path from problem identification through solution.