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

question 16

Multiple Choice

The following data (in thousands of dollars) have been taken from the accounting records of Karling Corporation for the year just ended.
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 990 \\\hline \text { Raw materials inventory, beginning } & \$ 40 \\\hline \text { Raw materials inventory, ending } & \$ 70 \\\hline \text { Purchases of raw materials } & \$ 120 \\\hline \text { Direct labour } & \$ 200 \\\hline \text { Manufacturing overhead } & \$ 230 \\\hline \text { Administrative expenses } & \$ 150 \\\hline \text { Selling expenses } & \$ 140 \\\hline \text { Work-in-process inventory, beginning } & \$ 70 \\\hline \text { Work-in-process inventory, ending } & \$ 50 \\\hline \text { Finished goods inventory, beginning } & \$ 120 \\\hline \text { Finished goods inventory, ending } & \$ 160 \\\hline\end{array}$

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

• A) $700.
• B) $500.
• C) $660.
• D) $580.

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Definitions:

Etiology of Schizophrenia

The study and investigation of the origins and causes of schizophrenia, including genetic, environmental, and psychological factors.

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Statistical measures that indicate the likelihood of two individuals sharing a particular trait, often used in studies of twins to understand the influence of genetics versus environment.

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