Figure 2-4

question 153

Multiple Choice

Figure 2-4.Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:

-Refer to Figure 2-4. If each financial calculator has a per-unit product cost of $112, what was the cost of goods sold last year?

• A) $10,864,000
• B) $10,839,360
• C) $11,005,120
• D) $10,888,640

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Definitions:

Exception Reporting

A management tool that involves reporting only when actual performance deviates significantly from planned or expected performance, focusing management attention on important discrepancies.

Technological Advances

The development and application of new technologies, leading to improvements in efficiency, capabilities, and societal impact.

Legislation

The creation and enactment of laws by a governing body or legislative authority.

Demographic Concerns

Issues related to the statistical characteristics of populations, such as aging populations or changing family structures, that can impact society and organizations.