Answer the Following Questions Using the Information Below -What Is Cost of Goods Manufactured for 2018?
A)$257 000

question 115

Multiple Choice

Answer the following questions using the information below:
$\begin{array}{|lr|}\hline \text { Beginning finished goods, } 1 / 1 / 2018 & \$ 40,000 \\\hline \text { Ending finished goods, } 12 / 31 / 2018 & 33,000 \\\hline \text { Cost of goods sold } & 250000 \\\hline \text { Sales revenue } & 600,000 \\\hline \text { Operating expenses } & 120,000 \\\hline\end{array}$
-What is cost of goods manufactured for 2018?

• A)$257 000
• B)$250 000
• C)$243 000
• D)$350 000

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Definitions:

Real Economic Growth

An increase in the economic output of a country adjusted for changes in the price level (inflation), indicating an expansion in the economy over time.

Technological Growth

The process of innovation and introduction of new technologies and methods, which improves efficiency and productivity.

Productivity

A measure of the efficiency of production, often calculated as the ratio of output to input in the production process.

Economic Policies

Measures and strategies implemented by governments to regulate and control the economy, including fiscal, monetary, and trade policies.