Ballard Company Makes Portable Speakers $\begin{array}{ll}\text { January } 1 & 1,260 \\\text { December } 31 & 1,040\end{array}$

question 65

Multiple Choice

Ballard Company makes portable speakers. During the year Ballard manufactured 100,000 sets of portable speakers. Finished goods inventory had the following units on hand:
$\begin{array}{ll}\text { January } 1 & 1,260 \\\text { December } 31 & 1,040\end{array}$
-Refer to the Figure.Suppose each set of portable speakers has a per-unit product cost of $112.What would be the cost of goods sold last year?

• A)$10,839,360
• B)$10,864,000
• C)$11,222,400
• D)$11,555,120

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Definitions:

Cognitive Dissonance

The mental discomfort or psychological stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Foot-In-The-Door Phenomenon

A psychological principle where agreeing to a small initial request increases the likelihood of agreeing to a larger request later.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor, shaping how we perceive and interact with the world.

Fundamental Attribution Error

The tendency to attribute others' behaviors to their character rather than to external factors.