Crane, Inc

question 18

Short Answer

Crane, Inc. reported the following data regarding costs and inventories for the current year: beginning goods-in-process inventory, $4,000; beginning finished goods inventory, $2,000; cost of goods manufactured, $11,500; operating expenses, $3,000; ending finished goods inventory,$1,000; ending goods-in-process inventory, $1,500. Cost of goods sold for Crane, Inc. equals________.

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Definitions:

Linnaean Categories

Hierarchical levels of classification in biology developed by Carl Linnaeus, including kingdom, phylum, class, order, family, genus, and species.

Hierarchical

Describing a system or organization in which people or groups are ranked one above the other according to status or authority.

Domain

(1) A structural and functional region of a protein. (2) The broadest taxonomic category; each domain includes one or more kingdoms.

Paraphyletic Group

A group of organisms that includes an ancestral species and some, but not all, of its descendants.