Consider the Following for Guardian Manufacturing Company What Are the Cost of Goods Manufactured and Cost of |

question 12

Multiple Choice

Consider the following for Guardian Manufacturing Company: $$\begin{array} { l | l } \text { Change in finished goods inventory } & \$ 315 \text { increase } \\\hline \text { Change in work-in-process inventory } & \$ 145 \text { increase } \\\hline \text { Total manufacturing costs } & \$ 630\end{array}$$ What are the cost of goods manufactured and cost of goods sold? $$\begin{array} { l c } \text { Cost of goods } & \text { Cost of goods } \\\text { manufactured } & \text { sold } \\\hline \text { A) } \$ 470 & \$ 320 \\\text { B) } \$ 485 & \$ 170 \\\text { C) } \$ 505 & \$ 280 \\\text { D) } \$ 485 & \$ 370\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Observational Methods

Research techniques that involve watching participants in natural or contrived situations to gather data about their behavior.

Observer Drift

A phenomenon in which there are gradual changes in the way an observer measures or perceives phenomena over time, leading to inconsistencies.

Reactivity

The change in behaviour often seen when people know they are being observed or filmed. One of the difficulties inherent in in vivo observation and analogue observational settings.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.