Speed Skis Manufacturing Reports the Following Information for the Year

question 40

Multiple Choice

Speed Skis Manufacturing reports the following information for the year. Determine the cost of finished goods manufactured.
$$\begin{array} { l r } \text { Work in process } 1 \text { January } & \$ 8000 \\\text { Work in process } 31 \text { December } & 12000 \\\text { Finished goods inventory 1 January } & 4000 \\\text { Finished goods inventory 31 December } & 6000 \\\text { Direct materials used } & 8000 \\\text { Direct labour } & 3000 \\\text { Factory overhead } & 2000 \\\text { Selling expenses } & 3000 \\\text { General and administrative expenses } & 4000\end{array}$$

• A) $20 000
• B) $7 000
• C) $11 000
• D) $9 000

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Definitions:

Heart Rate

Refers to the number of times the heart beats per minute, indicating the heart's efficiency in pumping blood throughout the body.

Blood Pressure

The pressure that circulating blood applies to the walls of blood vessels, which serves as an essential measure of heart and blood vessel health.

Gastric Tract Motility

The movements of the digestive system and the transit of the contents within it.

Thyroid

A gland in the lower front part of the neck producing hormones that regulate the body's metabolic rate, heart and digestive function, and more.