Use the Following Information for Hardy Co

question 77

Multiple Choice

Use the following information for Hardy Co.
Raw Materials Used $ 5,000

Hardy, Co.'s cost of goods manufactured for the current year is:

• A)$12,000.
• B)$16,100.
• C)$17,100.
• D)$18,100.

---

Definitions:

Bearer Paper

A negotiable instrument or document of title that entitles the holder or bearer to the rights specified in the document, without needing to prove ownership.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

Order Paper

A negotiable instrument that is payable to a specific person or their order, allowing the transfer of ownership through endorsement.

Special Indorsement

An endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument can be paid.