-Assuming That Cost of Goods Sold for Boardman Company for month

question 55

Multiple Choice

$\begin{array}{l}\text { Boardman Company reported the following data for the month of January: }\\\begin{array} { | l | r | r | } \hline \text { Inventories: } & \mathbf { 1 } / \mathbf { 1 } & \mathbf { 1 / 3 1 } \\\hline \text { Raw materials } & \$ 32,000 & \$ 31,000 \\\hline \text { Work in process } & \$ 18,000 & \$ 12,000 \\\hline \text { Finished goods } & \$ 30,000 & \$ 35,000 \\\hline\end{array}\end{array}$
$\begin{array} { | l | r | } \hline \text { Additional information: } & \\\hline \text { Sales revenue } & \$ 210,000 \\\hline \text { Direct labour costs } & \$ 40,000 \\\hline \text { Manufacturing overhead costs } & \$ 70,000 \\\hline \text { Selling expenses } & \$ 25,000 \\\hline \text { Administrative expenses } & \$ 35,000 \\\hline\end{array}$
-Assuming that cost of goods sold for Boardman Company for January was $140,000,what was the cost of goods manufactured for the month?

• A) $140,000
• B) $135,000
• C) $145,000
• D) $139,000

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Definitions:

Systematic Judgment

The process of making decisions or conclusions based on a methodical consideration of evidence, criteria, or predetermined rules.

Potential Employee

An individual who is being considered for employment within an organization, typically during the recruitment and selection process.

Perceiver Expectations

The assumptions or beliefs that an observer holds about a situation or individual that can influence their perception and interpretation.

Pygmalion Effect

The phenomenon where higher expectations lead to an increase in performance.