You Are Given the Following Data for January Which of the Following Is the Cost of Goods Manufactured

question 37

Multiple Choice

You are given the following data for January:
$\begin{array} { l l } \text { Direct materials } & \$ 38,000 \\\text { Direct labour } & \$ 24,000 \\\text { Manufacturing overhead } & \$ 17,000 \\\text { Beginning work in process inventory } & \$ 10,000 \\\text { Ending work in process inventory } & \$ 11,000\end{array}$
Which of the following is the cost of goods manufactured?

• A) $89,000.
• B) $78,000.
• C) $79,000.
• D) $80,000.

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Definitions:

Summary Judgment

A legal determination made by a court without a full trial, typically when there is no dispute as to the material facts of the case.

Genuine Issue of Material Fact

A dispute over a fact that is significant enough to affect the outcome of a legal case, preventing summary judgment.

Voir Dire

A legal procedure in courts where jurors are questioned by lawyers and judges to determine any biases or inability to serve impartially.

Cyber-Jurisdiction

The legal authority of a court to oversee and adjudicate issues occurring within the realm of electronic networks and digital domains.