Use the Information Below to Answer the Following Question(s)

question 73

Multiple Choice

Use the information below to answer the following question(s) .Canadian Oil Company manufactures cooking oils.All direct materials are added at the beginning of the production process.The company currently uses the FIFO method.Data for the month of July is listed below.
-What is the amount of goods transferred-out during the month assuming no labour or conversion costs?

• A)$398,950
• B)$383,400
• C)$378,000
• D)$357,000
• E)$391,000

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Definitions:

Qualifying

The process of assessing potential customers to determine whether they have the necessary budget, authority, and need to purchase a product or service.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Sales Process

A series of steps or stages followed by a salesperson or organization to sell a product or service effectively.

The Approach

The initial stage in the sales process where the salesperson makes first contact with the potential customer.