Bowring Company Took the Following Data from Their Income Statement

question 169

Multiple Choice

Bowring Company took the following data from their income statement at the end of the current year.
$$\begin{array} { l r } \text { Per-unit product cost: } & \$ 30 \\\text { Gross margin percentage: } & 40 \% \\\text { Selling and admini strative expenses } & \$ 30,000 \\\text { Operating income } & \$ 10,000\end{array}$$
-Refer to the Figure.What was the cost of goods sold for the year?

• A)$40,000
• B)$50,000
• C)$60,000
• D)$100,000

---

Definitions:

Infatuation

A state of intense but short-lived passion or admiration for someone or something, often without a deep understanding or commitment.

Insecurely Attached

A type of attachment style characterized by anxiety and uncertainty in relationships, often resulting from inconsistent caregiving in early development.

Securely Attached

Pertaining to an attachment style characterized by confidence in relationship security, stemming from consistent responsive caregiving.

Equity Theory

A theory suggesting that people feel more satisfied in relationships where perceived input and output are deemed to be equal among parties involved.