The Following Information Relates to Minimart's 2012 Accounting Period Minimart's Work in Process Inventory at the Beginning of 2012

question 15

Multiple Choice

The following information relates to Minimart's 2012 accounting period: $\begin{array}{|l|r|}\hline \text { Raw materials used } & \$ 17,000 \\\hline \text { Direct labor wages and salaries } & 33,000 \\\hline \text { Sales salaries } & 25,000 \\\hline \text { Depreciation on manufacturing equipment } & 3,000 \\\hline \text { Rent on manufacturing facilities } & 4,000 \\\hline \text { Administrative supplies and utilities } & 5,000 \\\hline \text { Sales revenue } & 105,000 \\\hline \text { Units of products produced } & 4,000 \\\hline \text { Units of products sold } & 4,000 \\\hline\end{array}$ Minimart's work in process inventory at the beginning of 2012 was $12,000, and work in process inventory at the end of 2012 was $10,000. Minimart's cost of goods manufactured in 2012 equal:

• A) $77,000
• B) $89,000
• C) $59,000
• D) $52,000

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Definitions:

Analytical Psychology

The study of the personal and collective unconscious developed by Carl Jung.

Psychodynamic Theory

A viewpoint in psychology that emphasizes systematic study of the psychological forces underlying human behavior, feelings, and emotions.

Sigmund Freud

An Austrian neurologist and the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Dream Interpretation

The therapeutic technique of uncovering the hidden meaning of dreams.