Franklin Manufacturing Provided the Following Information for the Month Ended

question 38

Multiple Choice

Franklin Manufacturing provided the following information for the month ended March 31: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 15,000 \\\hline \text { Beginning Finished Goods Inventory } & 11,000 \\\hline \text { Ending Finished Goods Inventory } & 9500 \\\hline \text { Cost of Goods Manufactured } & 19,600 \\\hline\end{array}$$ Compute cost of goods sold.

• A) $19,600
• B) $18,100
• C) $21,100
• D) $29,100

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Definitions:

Internal

Pertaining to or situated within something; intrinsic.

External

Originating from outside, not inherent or internal to an entity or individual.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.

Media Coverage

The reporting, broadcasting, or publishing of news and information by various media outlets, such as television, radio, newspapers, and the internet.