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(4pts) 10) The cost of goods sold for Verizon Corporation in the current year was $240,400. The January 1 finished goods inventory balance was $31,600,

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(4pts) 10) The cost of goods sold for Verizon Corporation in the current year was $240,400. The January 1 finished goods inventory balance was $31,600, and the December 31 finished goods inventory balance was $24,200. Cost of goods manufactured during the period was $240,400 $233,000 $225,600 $288,800 @ None of the above 11) Use the information below for Starbucks Corporation to answer the questions that follow (4pts) Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials $76,500 7,300 4,700 5,900 10,500 4,200 1,200 15,600 8,900 1,200 Their product costs are $24,500 $29,200 $30,300 $35,000 None of the above

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