The Following Information Appears on the Statement of Cost of Goods

question 58

Multiple Choice

The following information appears on the Statement of Cost of Goods Manufactured for the Poster Company at the end of the year.
$\begin{array}{lr}\text { Raw Materials Used } & \$ 70,000 \\\text { Direct Labor } & 90,000 \\\text { Cost of Goods Manufactured } & 200,000 \\\text { Work in Process Inventory, January 1 } & 30,000 \\\text { Work in Process Inventory, December 31 } & 20,000\end{array}$
Manufacturing Overhead for the year was:

• A)$60,000.
• B)$50,000.
• C)$40,000.
• D)$30,000.

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Definitions:

Textual Information

Textual information refers to data that is presented in text form, as opposed to non-textual information like images, videos, or audio.

Complement

Something that completes or goes well with something else, often enhancing its qualities or effectiveness.

Visual

Relating to seeing or sight, often used in the context of graphical information or imagery.

Verbal

Relating to or in the form of words, especially spoken rather than written.