Reference: 14_02
the Following Information Is Available for Talking Toys

question 90

Multiple Choice

Reference: 14_02
The following information is available for Talking Toys, Inc. for the current year:
$\begin{array}{lr}\text { Direct materials used } & \$ 12,500 \\\text { Goods in process, January 1 } & 50,000 \\\text { Goods in process, December 31 } & 37,000 \\\text { Total Factory overhead } & 5,500 \\\text { Direct labor used } & 26,500\end{array}$
-The total cost of goods manufactured for the year was:

• A) $13,000
• B) $44,500
• C) $57,500
• D) $94,500.
• E) $52,000

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Definitions:

Last Clear Chance

A doctrine in tort law that allows the plaintiff to recover damages even if they were partly at fault, if the defendant had the last opportunity to avoid the accident.

Emergency Conditions

Situations or conditions that require immediate action or attention due to potential threat or harm.

Reasonable Person Standard

A legal standard used to determine what a typical person would do under certain circumstances.

Workers' Compensation Statutes

Laws that provide financial and medical benefits to employees who are injured or become ill as a direct result of their job.