Answer the Following Questions Using the Information Below:
the Following

question 132

Multiple Choice

Answer the following questions using the information below:
The following information pertains to Bondi Creations:
$\begin{array}{ll}\hline & \\\hline \text { Manufacturing costs } & \$ 1,500,000 \\\hline \text { Units manufactured } & 30,000 \\\hline \text { Units sold } & 29,500 \text { units sold for } \$ 85 \text { per unit } \\\hline \text { Beginning inventory } & 0 \text { units } \\\hline\\\hline\end{array}$
-What is the cost of ending finished goods inventory?

• A)$25 424
• B)$1 475 000
• C)$25 000
• D)$42 500

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Definitions:

Governmental Authority

The legal power or right held by government bodies to enact and enforce laws, regulations, and ordinances.

Backpack

A bag carried on one's back, often secured with two straps that go over the shoulders, used for carrying items.

Restaurant

A business establishment where meals or refreshments are prepared and served to customers in exchange for money.

Possession

The state or fact of owning or having control over something.