Grayson Inc

question 5

Multiple Choice

Grayson Inc.has provided the following data for the month of October.The balance in the Finished Goods inventory account at the beginning of the month was $49,000 and at the end of the month was $45,000.The cost of goods manufactured for the month was $226,000.The actual manufacturing overhead cost incurred was $74,000 and the manufacturing overhead cost applied to Work-in-Process was $70,000.The adjusted cost of goods sold that would appear on the income statement for October is:

• A) $226,000.
• B) $230,000.
• C) $222,000.
• D) $234,000.

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Definitions:

Humanistic Approach

An approach in psychology that focuses on examining the entirety of a person and the distinctiveness of everyone's individual experiences.

Strengths

Positive attributes or abilities of an individual that contribute to successful performance and achievement.

Weaknesses

Areas of lesser ability or strength in an individual, organization, or system that may hinder performance or achievement.

Reciprocal Determinism

A concept in psychology that suggests individual behavior, environment, and cognition are interlinked and influence each other.