Use the Following to Answer Questions

question 98

Multiple Choice

Use the following to answer questions
Keowee Enterprises began the year with $165,700 of finished goods inventory. During the year the company manufactured goods costing $689,200. At the end of the year, $194,100 of finished goods remained in inventory. Actual manufacturing overhead was $235,800, estimated manufacturing overhead was $230,000, and manufacturing overhead applied totaled $221,500.
-The unadjusted cost of goods sold was:

• A)$854,900
• B)$717,600
• C)$675,100
• D)$660,800

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Definitions:

Propensity

A natural inclination or tendency to behave in a particular way.

Personal Integrity

The quality of being honest, ethical, and consistent in one's values, actions, and principles, regardless of the situation.

Consequentialist Ethics

A moral philosophy where the rightness or wrongness of actions is based solely on the outcomes or consequences they produce.

Deceptive Arguments

Arguments or statements intentionally designed to mislead or manipulate others.