Given the Following Information,determine the Cost of Goods Manufactured A) $387,000
B) $500,000
C) $279,000
D) $189,500

question 133

Multiple Choice

Given the following information,determine the cost of goods manufactured. $$\begin{array} { | l | r | } \hline \text { Direct Labor Incurred } & \$ 60,000 \\\hline \text { Manufacturing Overhead Incurred } & 177,000 \\\hline \text { Direct Materials Used } & 150,000 \\\hline \text { Finished Goods Inventory, Jan. 1 } & 199,000 \\\hline \text { Finished Goods Inventory, Dec. 31 } & 98,500 \\\hline \text { Work-in-Process Inventory, Jan. 1 } & 221,000 \\\hline \text { Work-in-Process Inventory, Dec. 31 } & 108,000 \\\hline\end{array}$$

• A) $387,000
• B) $500,000
• C) $279,000
• D) $189,500

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Definitions:

James-Lange Theory

The theory that emotions are the result of physiological reactions to external events.

Two-Factor Theory

A psychological theory, often applied to emotion or motivation, suggesting that an experience or emotion arises from the combination of a cognitive appraisal and a physiological response.

Cognitive Appraisal

The process of evaluating and interpreting a situation or event that determines its significance and the type of emotional response it elicits.

Cannon-Bard Theory

A theory of emotion that argues emotions and physiological responses occur simultaneously and independently.