Express Company Reports the Following Data for Its First Year

question 33

Multiple Choice

Express Company reports the following data for its first year of operation. $$\begin{array} { | l | r | } \hline \text { Cost of goods manufactured } & \$ 475,000 \\\hline \text { Work in process inventory, bepinging } & 0 \\\hline \text { Work in process inventory, ending } & 140,000 \\\hline \text { Direct materials used } & 110,000 \\\hline \text { Manufacturing overhead } & 185,000 \\\hline \text { Finished goods inventary, ending } & 101,000 \\\hline\end{array}$$
-What is the cost of goods sold?

• A)$475,000
• B)$374,000
• C)$770,000
• D)$514,000

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Definitions:

Secondary Reinforcer

A type of reinforcer which does not satisfy a basic biological need but has been learned to be valuable through association with primary reinforcers.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with a meaningful stimulus.

Avoidance Conditioning

A type of learning in which an individual learns a behavior to avoid an unpleasant stimulus.

Negative Reinforcement

A behavioral concept in which the removal of an unfavorable outcome or stimulus increases the likelihood of a response occurring again in the future.