Given the Following Information,determine the Cost of Goods Sold A)$504,500
B)$613,500
C)$604,000
D)$296,500

question 123

Multiple Choice

Given the following information,determine the cost of goods sold. $$\begin{array} { | l | r | } \hline \text { Direct Labor Incurred } & \$ 61,000 \\\hline \text { Manufacturing Overhead Incurred } & 176,500 \\\hline \text { Direct Materials Used } & 154,000 \\\hline \text { Finished Goods Inventory, Jan. 1 } & 198,000 \\\hline \text { Finished Goods Inventory, Dec. } 31 & 98,500 \\\hline \text { Work-in-Process Inventory, Jan. 1 } & 222,000 \\\hline \text { Work-in-Process Inventory, Dec. 31 } & 109,000 \\\hline\end{array}$$

• A)$504,500
• B)$613,500
• C)$604,000
• D)$296,500

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Definitions:

Electrolyte Mixture

A solution containing ions that is used in batteries and various types of cells to conduct electricity.

Sulfuric Acid

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Voltage Regulator

A device that maintains the output voltage of a power supply within specified limits, despite variations in load or input voltage.

Overcharging

The process of applying too much charge to a battery, which can damage it or reduce its lifespan.