The Budgeted Finished Goods Inventory and Cost of Goods Sold

question 98

Multiple Choice

The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year are as follows: January 1 finished goods,$765,000; December 31 finished goods,$640,000; and cost of goods sold,$2,560,000.The budgeted costs of goods manufactured is

• A) $1,405,000
• B) $2,560,000
• C) $2,435,000
• D) $3,965,000

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Definitions:

Epistasis

An interaction between genes in which the effect of one gene is modified by one or several other genes, which can enhance, diminish, or suppress the expression of the first gene.

Pleiotropic Genes

Genes that have multiple effects on an organism's phenotype, influencing several different traits.

Nature Versus Nurture

A debate concerning the relative importance of an individual's innate qualities versus personal experiences in determining or causing differences in physical and behavioral traits.

Genotypes

The genetic makeup of an organism, encompassing all genes and their variations.