The Following Data (In Thousands of Dollars) Have Been Taken

question 26

Multiple Choice

The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the year just ended.
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 910 \\\hline \text { Raw materials inventory, beginning } & \$ 80 \\\hline \text { Raw materials inventory, ending } & \$ 20 \\\hline \text { Purchases of raw materials } & \$ 100 \\\hline \text { Direct labour } & \$ 130 \\\hline \text { Manufacturing overhead } & \$ 200 \\\hline \text { Administrative expenses } & \$ 160 \\\hline \text { Selling expenses } & \$ 140 \\\hline \text { Work-in-process inventory, beginning } & \$ 40 \\\hline \text { Work-in-process inventory, ending } & \$ 10 \\\hline \text { Finished goods inventory, beginning } & \$ 130 \\\hline \text { Finished goods inventory, ending } & \$ 150 \\\hline\end{array}$



-What was the cost of goods sold for the year (in thousands of dollars) ?

• A) $530.
• B) $520.
• C) $500.
• D) $460.

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Definitions:

Identity-Image

refers to how a brand or individual perceives their own identity versus how others view it.

Culture-Image

The perception and reputation of a brand or entity shaped by cultural elements and societal beliefs.

Culture-Identity

The connection and relationship between an individual’s or group's culture and their self-concept or sense of identity.

Brand's Identity

The collection of attributes and values that define how a brand presents itself to the market and distinguishes itself from competitors.