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

question 63

Multiple Choice

Use the information below to answer the following question(s) .
Berry's Boxes manufactures boxes.It expects to sell 20,000 boxes in 2015.The company had enough beginning inventory of direct materials to produce 24,000 units.Beginning inventory of finished units totalled 2,000 with a target ending inventory of 2,500 units.The boxes sell for $3.00 and the company keeps no work-in-process inventory.Direct materials costs for each box total $1.00 while direct labour is $0.50.Factory overhead is $0.20 per box.
-What will be Berry's Boxes cost of goods sold in 2015?

• A)$42,000
• B)$24,000
• C)$38,000
• D)$30,000
• E)$34,000

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Definitions:

Postconventional

Pertains to a level of moral reasoning that is beyond social conventions, where actions are judged based on ethical principles rather than societal norms or expectations.

Cognitive Development

The process of growth and change in intellectual capabilities that occurs as people age, involving learning, memory, problem-solving, and decision-making.

Formal Operational

The stage of cognitive development in Piaget’s theory characterized by the ability to think logically about abstract concepts.

Advanced Moral Reasoning

Advanced moral reasoning is a level of ethical thinking that goes beyond personal or cultural norms to consider the greater good and principles of justice, fairness, and human rights.