Oaktree,Inc

question 171

Multiple Choice

Oaktree,Inc.is a merchandiser of inlaid wooden boxes.The company sold 7000 units during the year.The company has provided the following information:

What is the cost of goods sold for the year?

• A)$362,000
• B)$320,000
• C)$318,000
• D)$305,000

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Definitions:

Seafloor Spreading

The formation of new oceanic crust at mid-ocean ridges and its gradual movement away from the ridge.

Glaciers

Large masses of ice that form on land by the compaction and recrystallization of snow, moving slowly over time.

Sea Level

The general level of the ocean's surface, used as a baseline for measuring elevation or depth on Earth.

Sea Cave

A type of cave formed primarily by the wave action of the sea, often found along coastlines.