Use the Following Information to Compute the Cost of Goods

question 144

Multiple Choice

Use the following information to compute the cost of goods sold for the period:
$$\begin{array} { l r } \text { Beginning raw materials } & \$ 5,500 \\\text { Ending raw materials } & 4,000 \\\text { Direct labor } & 12,250 \\\text { Raw material purchases } & 7,400 \\\text { Depreciation on factory equipment } & 6,500 \\\text { Factory repairs and maintenance } & 3,300 \\\text { Beginning finished goods inventory } & 10,200 \\\text { Ending finished goods inventory } & 8,900 \\\text { Beginning goods in process inventory } & 5,700 \\\text { Ending goods in process inventory } & 6,300\end{array}$$

• A) $36,650
• B) $30,950
• C) $30,650
• D) $30,350
• E) $31,650

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Definitions:

Hands-On

The term 'hands-on' refers to actively engaging in tasks rather than observing or directing, emphasizing practical experience and involvement.

Humility

A personal quality of modesty and respect for others, often seen as a virtue in leadership and personal relationships.

Group Performance

The sum of the output or results achieved by multiple individuals working together in a team or group setting.

Limelight

Limelight refers to the center of public attention or interest.