Hillsborough Street Manufacturing Inc 50 000 Units Were Produced During the Year Out of \begin{array}

question 14

Multiple Choice

Hillsborough Street Manufacturing Inc. incurred the following costs in 2009:
$$\begin{array} { l r } \text { Direct materials used } & \$ 37000 \\\text { Direct labour costs } & 45000 \\\text { Factory rent and utilities } & 18000 \\\text { Factory equipment depreciation } & 10000 \\\text { Marketing expenses } & 3000 \\\text { Administrative expenses } & 9000\end{array}$$
50 000 units were produced during the year out of which 40 000 units were sold for $10 each. There was no beginning or ending raw materials or work-in-process inventory.
-What is cost of goods sold for the year?

• A) $ 88 000
• B) $ 97 600
• C) $122 000
• D) $110 000

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Definitions:

Private Wrong

A legal injury or violation affecting an individual or a specific entity, as opposed to the public or society at large.

Tort Suit

A legal action enabling a person to seek damages against another for a wrongful act that caused harm or loss.

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Acts or omissions that violate public laws and are considered offenses against the state or society, typically referred to as crimes.