The Following Data Are for Potras Company -What Is the Cost of Goods Sold?
A) $131,000

question 59

Multiple Choice

The following data are for Potras Company:
$\begin{array}{|l|r|r|}\hline & \text { Beginning } & \text { Ending } \\\hline \text { Finished goods inventory } & \$ 30,000 & \$ 40,000 \\\hline \text { Work-in-process inventory } & 20,000 & 13,000 \\\hline \text { Raw materials inventory } & 21,000 & 26,000 \\\hline \text { Purchases of raw materials } & 71,000 \\\hline \text { Factory depreciation } & 5,000 \\\hline \text { Other factory costs } & 10,000 \\\hline \text { Direct labour } & 27,000 \\\hline \text { Indirect labour } & 6,000 \\\hline \text { Selling expense } & 12,000 \\\hline \begin{array}{l}\text { Over- or underapplied } \\\text { overhead }\end{array} & -0 \\\hline\end{array}$


-What is the cost of goods sold?

• A) $131,000.
• B) $91,000.
• C) $81,000.
• D) $111,000.

---

Definitions:

SAT Scores

Standardized test scores used in the United States for college admissions, reflecting a student's verbal, mathematical, and writing skills.

GPAs

Grade Point Averages, a numerical calculation that represents the average value of the accumulated final grades earned in courses over time.

Predicting Behavior

The process of forecasting future actions based on past and present data or trends.

Final Goal

The ultimate objective or aim that one seeks to achieve at the end of a process or project.