Given the Following Data: ​

question 64

Multiple Choice

Given the following data: ​
​
Cost of materials used $45,000
Direct labor costs 48,000
Factory overhead 39,000
Work in process,beginning 28,000
Work in process,ending 18,000
Finished goods,beginning 28,000
Finished goods,ending 18,000
What is cost of goods sold?

• A) $152,000
• B) $142,000
• C) $10,000
• D) $128,000

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Definitions:

Shared Information

Refers to data or knowledge that is openly or mutually known, communicated, and used by all members involved in a group or project.

Self-Censorship

The act of withholding one's opinions, feelings, or concerns, especially in group situations, to avoid conflict or to conform to perceived social norms.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, often improving on simple or well-rehearsed tasks.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony in decision-making results in an irrational or dysfunctional outcome.