Scott Products Manufactures High-Quality Running Shoes In Addition, 42 400 Pairs Were Produced in 2009 Out

question 70

Multiple Choice

Scott Products manufactures high-quality running shoes. The following information is available for 2009:
$\begin{array}{c}\begin{array}{l}\\ \text { Raw materials inventory}\\ \text { Work-in-process inventory}\\ \text { Finished goods inventory}\\\\ \text { Raw materials purchased}\\ \text { Direct labour costs}\\ \text { Factory rent}\\ \text { Factory supplies}\\ \text { Factory utilities}\\ \text { Factory depreciation}\\ \text { Marketing costs}\\ \text { Administrative costs}\\\end{array}\begin{array}{rr}\underline{\text { Beginning} } &\underline{ \text { Ending }}\\\$ 25000 & \$ 82000 \\280000 & 130000 \\90000 & 120000 \\& \\& \$ 250000 \\& 340000 \\&60000 \\&20000 \\& 15000 \\&30000 \\& 25000 \\& 100000\end{array}\end{array}$


In addition, 42 400 pairs were produced in 2009 out of which 40 900 pairs were sold for $70 each.
-Cost of goods manufactured for 2009 is:

• A) $990 000
• B) $973 000
• C) $848 000
• D) $865 000

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Definitions:

Budgeted Total Sales

The estimated total revenue that a business plans to generate from goods or services sold within a specific period.

Sales Estimates

Projections or predictions about the amount of revenue that will be generated through sales activities within a certain period.

Budgeted Sales

An estimate of the sales volume and revenue expected to be achieved in a specific period, typically used for planning purposes.

Units

A measure of quantity used to express the amount of a product or service.