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:

Nocturnal

Describing organisms that are active primarily during the night and sleep during the day.

Diurnal

Describing organisms active during the day and resting at night; also pertains to daily cycles of light and darkness.

Biological Clocks

Biological clocks are internal mechanisms in organisms that regulate cycles of activity and rest, including sleep-wake cycles and hormonal changes, in accordance with environmental changes.

Environmental Cues

Signals from the environment that can affect the behavior and physiology of organisms.