Gest Inc Has Provided the Following Data for the Month of of November

question 84

Multiple Choice

Gest Inc. has provided the following data for the month of November. 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 jobs was $70,000. The adjusted cost of goods sold that would appear on the income statement for November is:

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

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Definitions:

Random Variable X

A variable whose values depend on outcomes of a probabilistic phenomenon, with each of its outcomes assigned a numerical value.

Good Batteries

Batteries that pass quality tests and are deemed reliable for use in various devices.

Probability Model

A probability model is a mathematical representation of a random phenomenon, consisting of a sample space, events within the sample space, and probabilities associated with each event.

Random Variable X

A variable whose possible values are numerical outcomes of a random phenomenon.