The Following Data Are for Potras Company -What Is the Cost of Goods Manufactured?
A) $114,000

question 23

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 manufactured?

• A) $114,000.
• B) $133,000.
• C) $121,000.
• D) $138,000.

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Definitions:

Mean Difference

The average difference between each of two sets of numbers, often used in statistical analysis to compare two groups.

Math Scores

Quantitative assessments of individuals' proficiency in mathematics, typically resulting from tests or examinations.

Paired T-test

A statistical method used to compare the means of two related groups to determine if there is a significant difference between them.

Significance Level

A statistical measure used in hypothesis testing to determine the threshold at which an observed data point or result is considered to be statistically significant.