Fontana Manufacturing Provided the Following Information for the Month Ended

question 89

Multiple Choice

Fontana Manufacturing provided the following information for the month ended March 31: $\begin{array}{|l|r|}\hline\text { Sales Revenue } & \$ 26,000 \\\hline \text { Beginning Finished Goods Inventory } & 8000 \\\hline \text { Ending Finished Goods Inventory } & 13,500 \\\hline \text { Cost of Goods Manufactured } & 15,600\\\hline\end{array}$ Compute cost of goods available for sale.

• A)$15,600
• B)$29,100
• C)$23,600
• D)$10,100

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Definitions:

Private Cost

The cost incurred by a person or a firm directly involved in a transaction, excluding any external or social costs.

Efficient Outcome

A situation where resources are allocated in the most effective way possible, maximizing benefits without wasting resources.

Home Business

A business operated from the owner's home, often characterized by lower overhead costs and flexible working hours.

Greasy Motorcycle Parts

Components of a motorcycle that are typically covered in oil or grease, either for operational purposes or from lack of cleaning.