Assume the Following Information Pertaining to Cub Company Cost of Goods Manufactured Is Calculated to Be:
A)$289,000

question 21

Multiple Choice

Assume the following information pertaining to Cub Company: $\begin{array}{lr}\text { Prime costs } & \$ 195,000 \\\text { Conversion costs } & 221,000 \\\text { Direct materials used } & 85,000 \\\text { Beginning work in process } & 98,000 \\\text { Ending work in process } & 81,000\end{array}$ Cost of goods manufactured is calculated to be:

• A)$289,000.
• B)$348,000.
• C)$314,000.
• D)$297,000.
• E)$323,000.

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Definitions:

Marginal Utility

The added satisfaction or utility that a consumer receives from having one more unit of a good or service.

Macaroni and Cheese

A classic dish made by combining cooked macaroni pasta with a creamy cheese sauce.

Thanksgiving

A national holiday celebrated in several countries, commemorating a feast or giving thanks for blessings, notably observed in the United States on the fourth Thursday in November.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.