Using $3040000 as the Cost of Goods Manufactured Compute the Cost

question 89

Multiple Choice

Using $3040000 as the cost of goods manufactured compute the cost of goods sold using the following information. $\begin{array}{lr}\text { Raw materials inventory, January 1 } &\$ 20,000 \\\text { Raw materials inventory, December 31 } & 40,000 \\\text { Work in process, January 1 } & 18,000 \\\text { Work in process, December } 31 & 12,000 \\\text { Finished goods, January 1 } & 40,000 \\\text { Finished goods, December 31 } & 32,000 \\\text { Raw materials purchases } & 1,700,000 \\\text { Direct labor } & 760,000 \\\text { Factory utilities } & 150,000 \\\text { Indirect labor } & 50,000 \\\text { Factory depreciation } & 400,000 \\\text { Operating expenses } & 420,000\end{array}$

• A)$3046000.
• B)$3008000.
• C)$3032000.
• D)$3048000.

---

Definitions:

Course Grades

The formal assessment of a student's performance in a course, often represented by letters or numbers.

Conditioned Reinforcers

Stimuli that acquire the capacity to strengthen certain responses through their association with primary reinforcers (e.g., praise or approval becoming motivating because it is linked with more intrinsic rewards).

Human Behavior

The study of actions or reactions of humans, often in response to external stimuli, and how they vary between individuals and within societies.

Immediate Reinforcement

The prompt provision of a reward following a desired behavior.