Lenco Industries Has Cost of Goods Manufactured of $65 000

question 14

Multiple Choice

Lenco Industries has cost of goods manufactured of $65 000 in May. The finished goods inventory at the end of May was $20 000 and the cost of goods sold during May was $75 000.
The inventory in finished goods at the beginning of May was:

• A) $5000.
• B) $30 000.
• C) $10 000.
• D) $20 000.

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Definitions:

Commission

A form of payment to an employee or agent, usually a percentage of the sales they have generated or completed deals.

Primary Influences

The main factors or individuals that affect the decisions and behavior of a person or within a specific context such as purchasing decisions.

Ethical Decision-Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Sexual Harassment

Unwanted or inappropriate comments, advances, or any form of conduct of a sexual nature that creates an uncomfortable or hostile environment for the recipient.