Select the Appropriate Definition for Each of the Items Listed

question 196

Multiple Choice

Select the appropriate definition for each of the items listed below.
-Direct materials + direct labor + overhead

• A)Work in process inventory
• B)Finished goods inventory
• C)Cost of goods sold
• D)Cost of goods manufactured
• E)Total manufacturing costs

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Definitions:

Agricultural

Pertaining to farming or the cultivation of plants and animals to produce food, fiber, medicinal plants, and other products.

Industrial

Pertaining to the production of goods in factories through the use of machinery and labor.

Consumer Sectors

Divisions within an economy that consist of businesses and industries which produce goods and services specifically for personal and household consumption.

LULAC

The League of United Latin American Citizens, a Latino civil rights organization formed in 1929, focused on combating inequality and discrimination faced by Hispanics in the United States.