Super Tread Inc Calculate the Amount of Ending Finished Goods Inventory Reported on Has

question 104

Multiple Choice

Super Tread Inc.is a large manufacturer of auto tires.Super Tread has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 55,000 \\\hline \text { Beginning Finished Goods Inventory } & 15,500 \\\hline \text { Cost of Goods Sold } & 37,500 \\\hline \text { Cost of Goods Manufactured } & 44,500 \\\hline\end{array}$$ Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet.

• A)$10,500
• B)$60,000
• C)$22,500
• D)$7000

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Definitions:

Challenge Automatic Thoughts

In cognitive therapy, this involves questioning and testing the reality of negative thoughts and assumptions.

Black-and-white Terms

Describing situations or thinking in absolute terms, without acknowledging the complexities or grey areas that may exist.

Automatic Thoughts

Numerous unpleasant thoughts that help to cause or maintain depression, anxiety, or other forms of psychological dysfunction.

Culturally Sensitive Therapy

A therapeutic approach that is aware of, respects, and incorporates an individual's cultural background, beliefs, and practices in the treatment process.