Current Information for the Stellar Corporation Follows Stellar Corporation's Cost of Goods Manufactured for the Year Is

question 62

Multiple Choice

Current information for the Stellar Corporation follows: $\begin{array}{lr}\text { Beginning work in process inventory } & \$ 17,900 \\\text { Ending work in process inventory } & 19,300 \\\text { Direct materials used } & 147,000 \\\text { Direct labor used } & 85,000 \\\text { Total factory overhead } & 63,100\end{array}$
Stellar Corporation's cost of goods manufactured for the year is:

• A) $295,100.
• B) $296,500.
• C) $313,000.
• D) $275,800.
• E) $293,700.

---

Definitions:

Notice

A formal communication or announcement, often legal in nature, which informs parties about certain actions or conditions.

Agreement

An agreement is a mutual understanding or contract between parties outlining terms and conditions for a specific action or inaction.

Liable

Having legal responsibility or obligation, typically requiring payment for damages or to remedy a breach of contract.

Agency by Estoppel

A legal doctrine where a person is prevented by their own actions from denying they are an agent for someone else, leading others to rely on that representation.