Compute Cost of Goods Manufactured for This Period Given the Following

question 181

Multiple Choice

Compute cost of goods manufactured for this period given the following amounts.
$$\begin{array} { | l | r | } \hline \text { Ending finished goods inventory } & \$ 66,000 \\\hline \text { Cost of goods sold } & 54,000 \\\hline \begin{array} { l } \text { Beginning finished goods } \\\text { inventory }\end{array} & 60,000 \\\hline\end{array}$$

• A) $72,000
• B) $48,000
• C) $60,000
• D) $66,000
• E) $180,000.

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Definitions:

Farm Employment

Jobs or work related to agricultural activities on farms, including planting, cultivating, and harvesting crops or livestock management.

Misallocation

The inefficient distribution or usage of resources in an economy, leading to outcomes where resources could have been better utilized elsewhere.

Price Supports

Government interventions to maintain the market price of a commodity at a certain level to prevent the price from falling below a predetermined minimum.

Domestic

Pertaining to or related to the home, household, or one's own country versus foreign or international counterparts.