Timkon Manufacturing Has Provided the Following Operating Results for Its

question 8

Multiple Choice

Timkon Manufacturing has provided the following operating results for its recent operations:
$\begin{array}{lr}\text { Beginning inventory of finished goods } & 4,500 \\\text { Units produced (no work in process) } & 10,000 \\\text { Units sold } & 12,500 \\\text { Units in ending inventory of finished goods } & 2,000\\\text { Sales price }&\$ 50 \text { per unit }\\\text { Variable manufacturing costs }&\$ 20 \text { per unit }\\\text { manufactured Variable selling expenses }&\$ 2 \text { per unit sold }\\\text { Variable administrative expenses } & \$ 1 \text { per unit sold Fixed manufacturing } \\\text { costs for the year } & \$ 100,000 \\\text { Fixed selling expenses for the year } & \$ 52,000 \\\text { Fixed administrative expenses for the year } & \$ 84,000\end{array}$
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Using the direct method, cost of goods manufactured for the year is:

• A)$330,000
• B)$230,000
• C)$300,000
• D)$200,000

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Definitions:

Acromiodeltoid

A muscle in the shoulder region, involved in the movement of the shoulder and giving shape to the top of the shoulder.

Clavodeltoid

A muscle in some animals that resembles human muscles in the shoulder region, but there's no direct human equivalent. For humans, refer to the deltoid muscle.

Cervical Vertebrae

The vertebrae in the neck region of the spine, numbered C1 through C7, which support the skull and enable a range of head movements.

Thoracic Vertebrae

Comprise the middle portion of the vertebral column, characterized by the presence of costal facets for rib articulation.