Gannon Company Had the Following Information at December 31 $\begin{array}{l}\text { Finished goods inventory, January } 1 & \$ 50,000\\\text { Finished goods inventory, December } 31&\$150,000\end{array}$

question 6

Multiple Choice

Gannon Company had the following information at December 31: $\begin{array}{l}\text { Finished goods inventory, January } 1 & \$ 50,000\\\text { Finished goods inventory, December } 31&\$150,000\end{array}$ If the cost of goods manufactured during the year amounted to $2200000 and annual sales were $2750000 the amount of gross profit for the year is

• A)$550000.
• B)$2100000.
• C)$650000.
• D)$450000.

Understand how to calculate the median, especially in cases with an even number of scores.

Recognize the implications of data distribution on the mean and median.

Identify the visual representations suitable for different types of data.

Comprehend the relationship between mean, median, and mode in the context of skewed distributions.

---

Definitions:

Gathering Information

The process of collecting data or facts from various sources to understand a subject or solve a problem.

Informational

Designed to provide facts, data, or knowledge about a specific topic or subject, without necessarily persuading or influencing the reader.

Analytical

Pertaining to the systematic examination of components or structure; characterized by the ability to break down complex information into smaller parts for better understanding.

Proposals

Reports that combine information delivery and persuasive communication.