1. Assume G Corporation had Cost of Goods Sold of $120,280 and ending Finished Goods Inventory of $36,850 and beginning Finished Goods Inventory of $38,620. What was the dollar amount of Cost of Goods Manufactured for the period?

A. $122,050 B. $157,130 C. $44,810 D. $195,750 E. $118,510

2. After applying the high-low method, a company determined that per-unit variable costs were $22 and total fixed costs were $38,000. What total costs would the company forecast assuming it plans to sell 8,000 units next period?

A. $138,000 B. $214,000 C. $38,000 D. $176,000 E. $83,600

3. All of the following would be considered a product cost except:

A. tires for an automobile manufacturer B. wages of workers who build wooden cabinets C. sales commission for an agricultural seeds salesperson D. property taxes for a shoe factory