Viva,IncHas Provided the Following Information for the Year How Much Is the Cost of Goods Sold?
A) $178,000

question 115

Multiple Choice

Viva,Inc.has provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 1,293,000 \\\hline \text { Beginning Balance - Finished Goods Inventory } & 98,000 \\\hline \text { Ending Balance - Finished Goods Inventory } & 80,000 \\\hline\end{array}$$ How much is the cost of goods sold?

• A) $178,000
• B) $1,311,000
• C) $1,293,000
• D) $1,275,000

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Definitions:

Inherent Status

The innate or fundamental position or standing of an individual or entity, often implying a status that is intrinsic and not acquired by actions or achievements.

Economical Art Form

Creative expressions or artistic practices that are characterized by their cost-effectiveness or minimal use of resources.

Poetry

An art form focusing on the expression of feelings, ideas, and experiences through distinctive style and rhythm.

Colonizing Process

The historical and ongoing systematic occupation, exploitation, and control of one nation or territory by another, often leading to cultural assimilation and economic dependence.