Use the Following Information Regarding Black Company and Red Company

question 111

Multiple Choice

Use the following information regarding Black Company and Red Company to answer the question "Which of the following is Red Company's "cost of goods sold" for 2022 (to the closest dollar) ?" $$\begin{array}{l}\begin{array} { | l | c | c | c | } \hline & \text { Year } & \begin{array} { c } \text { Inventory } \\\text { Turnover }\end{array} & \text { Ending Inventory } \\\hline \text { Black Company } & 2020 & & \$ 26,340 \\\hline & 2021 & 8.7 & \$ 29,890 \\\hline & 2022 & 8.4 & \$ 30,100 \\\hline\\\hline \text { Red Company } & 2020 & & \$ 25,860 \\\hline & 2021 & 7.0 & \$ 24,750 \\\hline & 2022 & 7.5 & \$ 22,530 \\\hline\end{array}\end{array}$$

• A)$260043
• B)$189788
• C)$168975
• D)$177300

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Definitions:

Modified Contingency

A concept in management where strategies are adjusted based on the situational variables and contexts involved.

Closed Systems

Refers to systems that are not influenced by or do not interact with their environment.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty.

Employee Needs

include the various psychological and physical requirements that must be met to ensure satisfaction and productivity of workers.