Use the Following Information Regarding Black Company and Red Company

question 73

Multiple Choice

Use the following information regarding Black Company and Red Company to answer the question "Which of the following is Black Company's "cost of goods sold" for 2021 (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)$252840
• B)$260043
• C)$244601
• D)$260957

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Definitions:

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Government Programs

Initiatives and projects undertaken by the government aimed at improving the welfare of its citizens, often in areas like health, education, and social security.

Substance Abuse Policy

Organizational rules and guidelines designed to manage the use and consequences of drugs and alcohol abuse within the workplace.

National Level

A scale of analysis or operation that pertains to an entire country as opposed to local or regional levels.