(Test Bank) Managerial Accounting, Asia Global Edition

Garrison,Noreen,Brewer,Sang,Yuen, 2

Business

Test Bank

2nd Edition

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Test Bank for Managerial Accounting, Asia Global Edition, The downloadable file consists of 188 pages, and the total size of the file is 4.16 MB. Purchase now only for highly discounted price.

Author(s): Garrison, Noreen, Brewer, Sang, Yuen

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Chapter 01 : Managerial Accounting and the Business Environmen t 1-1 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Question Type 1 T/F E x 2 T/F M x 3 T/F M x 4 T/F E x 5 T/F E x 6 T/F M x 7 T/F M x 8 T/F M x 9 T/F E x 10 T/F M x 11 T/F M x 12 Conceptual M/C E x 13 Conceptual M/C E x 14 Conceptual M/C E x 15 Conceptual M/C E x 16 Conceptual M/C M x 17 Conceptual M/C M x 18 Conceptual M/C H x Get complete test bank all chapters download link below https://www.mediafire.com/file/e3w31jf me8p1twl/TB+Managerial+Accounting,+A sia+Global+Edition,+2e+G arrison,+Noreen, +Brewer,+Sang,+Cheng.zip/file Chapter 01 : Managerial Accounting and the Business Environmen t 1-2 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. True / False Questions 1. Managerial accounting is primarily concerned with the organization as a whole rather than with segments of the organization. True False 2. Managerial accounting places less emphasis on nonmonetary data than financial accounting. True False 3. A strategy is a game plan that enables a company to attract customers by mimicking what successful competitors do. True False 4. Customer value propositions tend to fall into three broad categories –theory of constraints, six sigma, and enterprise risk management. (to modify the question) True False 5. Companies that choose an operational excellence strategy are in essence saying to their customers, "Choose us because we can deliver pr oducts and services faster, more conveniently, and at a lower price than our competitors." True False 6. A value chain consists of the major subassemblies that add value to a product. True False Chapter 01 : Managerial Accounting and the Business Environmen t 1-3 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 7. The Sarbanes -Oxley Act of 2002 was int ended to protect the interests of those who invest in publicly traded companies by ensuring that their original investments could be recovered in case of fraud. True False 8. Enterprise risk management involves replacing risky investments with invest ments in low - risk government securities. True False 9. Corporate social responsibility refers to the moral obligation of all corporations to make substantial monetary contributions to charitable causes. True False 10. The Statement of Ethical P rofessional Practice promulgated by the Institute of Management Accountants specifically states, among other things, that management accountants have a responsibility to inform responsible journalists of any wrongdoing they uncover in the organization. True False 11. The Institute of Management Accountants' Statement of Ethical Professional Practice specifically states, among other things, that management accountants have a responsibility to keep information confidential except when disclosure is authorized or legally required. True False Chapter 01 : Managerial Accounting and the Business Environmen t 1-4 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Multiple Choice Questions 12. Managerial accounting: A. has its primary emphasis on the future. B. is required by regulatory bodies such as the SEC. C. focuses on the organization as a wh ole, rather than on the organization's segments. D. Responses a, b, and c are all correct. 13. The plans of management are expressed formally in: A. the annual report to shareholders. B. Form 10 -Q submitted to the Securities and Exchange Commission. C. performance reports. D. budgets. 14. Which of the following IS a characteristic of financial accounting? A. not mandatory B. must follow GAAP C. emphasis on relevance of data, rather than precision D. both A and C above 15. Which of the following is NOT one of the three major customer value propositions discussed in the text? A. customer intimacy B. operational excellence C. zero defects D. product leadership Chapter 01 : Managerial Accounting and the Business Environmen t 1-5 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 16. Which of the following statements is TRUE concerning the CMA? A. To earn the CMA, an examination must be passed. B. Experience in the accounting field is not necessary to earn the CMA. C. Compliance with the Institute of Management Accountants' Statement of Ethical Professional Practice is not necessary to earn the CMA. D. Both B a nd C above. 17. The Sarbanes -Oxley Act of 2002 contains all of the following provisions EXCEPT: A. A CFO must be a CPA or CMA. B. The audit committee of the board of directors of a company must hire, compensate, and terminate the public accounting fi rm that audits the company's financial reports. C. Severe penalties are established for altering or destroying documents that may eventually be used in an official proceeding. D. Both the CEO and CFO must certify in writing that their company's financial s tatements and accompanying disclosures fairly represent the results of operations. 18. The Institute of Management Accountants' Statement of Ethical Professional Practice states that when faced with significant ethical issues, management accountants should first: A. discuss such problems with the immediate superior except when it appears that the superior is involved. B. clarify relevant concepts by confidential discussion with an objective advisor to obtain an understanding of possible c ourses of action. C. follow the established policies of the organization bearing on the resolution of such conflict. D. submit an informative memorandum describing the ethical issue to an appropriate representative of the organization and resign if no acti on is taken as a result of the memorandum. Chapter 001 : Managerial Accounting and the Business Environment - Key 1-6 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. True / False Questions 1. Managerial accounting is primarily concerned with the organization as a whole rather than with segments of the organization. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Objective: What is management accounting Level: Easy 2. Managerial accounting places less emphasis on nonmonetary data than financial accounting. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICP A FN: Reporting Objective: What is management accounting Level: Medium 3. A strategy is a game plan that enables a company to attract customers by mimicking what successful competitors do. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Strategic role s of management accounting Level: Medium Chapter 001 : Managerial Accounting and the Business Environment - Key 1-7 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 4. Customer value propositions tend to fall into three broad categories –theory of constraints, six sigma, and enterprise risk management. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Strategic role s of management accounting Level: Easy 5. Companies that choose an operational exc ellence strategy are in essence saying to their customers, "Choose us because we can deliver products and services faster, more conveniently, and at a lower price than our competitors." TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Strategic role s of management accounting Level: Easy 6. A value chain consists of the major subassemblies that add value to a product. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Strategic role s of management accounting Level: Medium 7. The Sarbanes -Oxley Act of 2002 was intended to protect the interests of those who invest in publicly traded companies by ensuring that their original investments could be recovered in case of fraud. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Governance, risk and sustainability management Level: Medium Chapter 001 : Managerial Accounting and the Business Environment - Key 1-8 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 8. Enterprise risk management involves replac ing risky investments with investments in low - risk government securities. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Governance, risk and sustainability management Level: Medium 9. Corporate social r esponsibility refers to the moral obligation of all corporations to make substantial monetary contributions to charitable causes. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Governance, risk and sustain ability management Level: Easy 10. The Statement of Ethical Professional Practice promulgated by the Institute of Management Accountants specifically states, among other things, that management accountants have a responsibility to inform responsible jour nalists of any wrongdoing they uncover in the organization. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Ethics Level: Medium 11. The Institute of Management Accountants' Statement of Ethical Professional Practice specifically states, among other things, that management accountants have a responsibility to keep information confidential except when disclosure is authorized or legally required. TRUE AACSB: Reflective Thinking AICPA BB: Critic al Thinking AICPA FN: Measurement Objective: Ethics Level: Medium Chapter 001 : Managerial Accounting and the Business Environment - Key 1-9 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Multiple Choice Questions 12. Managerial accounting: A. has its primary emphasis on the future. B. is required by regulatory bodies such as the SEC. C. focuses on the organization as a whole, rather than on the organization's segments. D. Responses a, b, and c are all correct. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Objective: What is management accounting Level: Easy 13. The plans of management are expressed formally in: A. the annual report to shareholders. B. Form 10 -Q submitted to the Securities and Exchange Commission. C. performance reports. D. budgets. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Objective: What is management accounting Level: Easy 14. Which of the following IS a characteristic of financial accounting? A. not mandatory B. must follow GAAP C. emphasis on relevance of data, rather than precision D. both A and C above AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Objective: What is management accounting Level: Easy Chapter 001 : Managerial Accounting and the Business Environment - Key 1-10 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 15. Which of the following is NOT one of the three major customer value propositions discussed in the text? A. customer inti macy B. operational excellence C. zero defects D. product leadership AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Strategic role s of management accounting Level: Easy 16. Which of the following statements is TRUE concerning the CMA? A. To earn the CMA, an examination must be passed. B. Experience in the accounting field is not necessary to earn the CMA. C. Compliance with the Institute of Management Accountants' Statement of Ethical Professional Practice is not necessary to earn the CMA. D. Both B and C above. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Professional Level: Medium 17. The Sarbanes -Oxley Act of 2002 contains all of the following provisions EXCEPT: A. A CFO must be a CPA or CMA. B. The audit committee of the board of directors of a company must hire, compensate, and terminate the public accounting firm that audits the company's financial reports. C. Severe penalties are established for altering or destroying documents that may eventually be used in an official proceeding. D. Both the CEO and CFO must certify in writing that their company's financial statements and accompanying disclosures fairly represent the results of o perations. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Governance, risk and sustainability management Level: Medium Chapter 001 : Managerial Accounting and the Business Environment - Key 1-11 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 18. The Institute of Management Accountants' Statement of Ethical Professional Practice states that when faced with significant ethical issues, management accountants should first: A. discuss such problems with the immediate superior except when it appears that the superior is involved. B. clarify relevant concepts by confidential discussion with an objective advisor to obtain an understanding of possible courses of action. C. follow the established policies of the organization bearing on the resolution of such conflict. D. submit an informative me morandum describing the ethical issue to an appropriate representative of the organization and resign if no action is taken as a result of the memorandum. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Objective: Ethics Level: Hard Chapter 02: Cost Concepts 2-1 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Question Type 1 T/F M x 2 T/F M x 3 T/F M x 4 T/F E x 5 T/F E x 6 T/F M x 7 T/F M x 8 T/F E x 9 T/F E x 10 T/F H x x 11 T/F M x 12 T/F M x 13 T/F M x x 14 T/F E x 15 T/F E x 16 T/F E x 17 T/F E x 18 Conceptual M/C E x 19 Conceptual M/C E x 20 Conceptual M/C E x 21 Conceptual M/C E x x 22 Conceptual M/C M x 23 Conceptual M/C E x 24 Conceptual M/C E x 25 Conceptual M/C E x 26 Conceptual M/C M x x 27 Conceptual M/C M x x 28 Conceptual M/C E x 29 Conceptual M/C E x 30 Conceptual M/C E x 31 Conceptual M/C H x CMA 32 Conceptual M/C H x Chapter 02: Cost Concepts 2-2 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Question Type 33 Conceptual M/C M x x 34 Conceptual M/C M x 35 Conceptual M/C E x 36 Conceptual M/C M x 37 Conceptual M/C M x 38 Conceptual M/C E x 39 Conceptual M/C M x 40 M/C M x x 41 M/C M x x 42 M/C H x 43 M/C H x 44 M/C H x 45 M/C M x x 46 M/C M x 47 M/C H x x 48 M/C H x x 49 M/C H x x 50 M/C E x 51 M/C M x 52 M/C E x 53 M/C E x 54 M/C M x 55 M/C H x 56 M/C M x CIMA 57 M/C E x 58 M/C E x 59-62 Multipart M/C M-H x x x x x 63-65 Multipart M/C M x x 66-68 Multipart M/C M x x 69-70 Multipart M/C E x x 71-72 Multipart M/C M x 73-74 Multipart M/C M x Chapter 02: Cost Concepts 2-3 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Question Type 75-78 Multipart M/C M x x x 79-82 Multipart M/C M x x 83-86 Multipart M/C M x x 87-88 Multipart M/C H x x 89-92 Multipart M/C M x x 93-94 Multipart M/C M x x 95-96 Multipart M/C M x x 97-100 Multipart M/C M x x 101-102 Multipart M/C M x x 103-104 Multipart M/C M x x 105-106 Multipart M/C E x 107-108 Multipart M/C E x 109-111 Multipart M/C H x 112-113 Multipart M/C M x 114-115 Multipart M/C M x 116-117 Multipart M/C M x 118-119 Multipart M/C E x 120-121 Multipart M/C E x 122-123 Multipart M/C E x 124-125 Multipart M/C E x 126-127 Multipart M/C E-M x 128-129 Multipart M/C E-M x 130-132 Multipart M/C E x 133-135 Multipart M/C E x 136 Problem M x x x x 137 Problem M x x x 138 Problem E x x 139 Problem E x x 140 Problem M x 141 Problem M x 142 Problem M x 143 Problem M x x Chapter 02: Cost Concepts 2-4 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Question Type 144 Problem E x 145 Problem E x 146 Problem M x 147 Problem E x 148 Problem E x 149 Problem E x Chapter 02: Cost Concepts 2-5 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. True / False Questions 1. All material costs would be considered as direct materials. True False 2. Direct material cost is a part of conversion cost. True False 3. Direct labor is a part of both prime cost and conversion cost. True False 4. Wages paid to production supervisors would be considered direct labor. True False 5. Direct material cost combined with manufacturing overhead cost is known as conversion cost. True False 6. Advertising is a product cost as long as it promotes specific products. True False 7. Althoug h depreciation is always a period cost in a merchandising firm, it can be a product cost in a manufacturing firm. True False Chapter 02: Cost Concepts 2-6 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 8. In a manufacturing firm, all costs are product costs. True False 9. The cost of shipping parts from a supplier is c onsidered a product cost. True False 10. If the finished goods inventory increases between the beginning and the end of a period, then the cost of goods manufactured for the period is larger than the cost of goods sold. True False 11. The inven tory of finished goods on hand at the end of a period is considered an asset, but inventories of raw materials and work -in-process are not considered assets until production is completed. True False 12. The cost of goods manufactured for a period is the amount transferred from work in process inventory to finished goods inventory during the period. True False 13. Differential costs can be either fixed or variable. True False 14. A fixed cost is constant per unit of product. True False 15. The variable cost per unit is constant and does not depend on how many units are produced. True False Chapter 02: Cost Concepts 2-7 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 16. The cost of napkins put on each person's tray at a fast food restaurant is a fixed cost. True False 17. A factory sup ervisor's salary would be classified as a direct cost of a unit of product. True False Multiple Choice Questions 18. The production supervisor’s salary would be considered a(n): A. period cost. B. product cost. C. administrative cost. D. sellin g expense. 19. Manufacturing overhead: A. is a part of conversion cost. B. includes the costs of shipping finished goods to customers. C. includes all factory labor costs. D. includes all fixed costs. 20. Conversion consists of manufacturing overhead s combined with: A. direct labor. B. manufacturing overhead. C. indirect materials. D. cost of goods manufactured. Chapter 02: Cost Concepts 2-8 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 21. The corporate controller's salary would be considered a(n): A. manufacturing cost. B. product cost. C. administrative cost. D. selling expense. 22. The costs of direct materials are classified as: A. Choice A B. Choice B C. Choice C D. Choice D 23. Manufacturing overhead: A. can be either a variable cost or a fixed cost. B. includes the costs of shipping finished goods to customers. C. includes all factory labor costs. D. includes all fixed costs. 24. The three basic elements of manufacturing cost are direct materials, direct labor, and: A. cost of goods manufactured. B. cost of goods sold. C. work in process. D. manufacturing overhead. 25. Prime cost consists of direct materials combined with: A. direct labor. B. manufacturing overhead. C. indirect materials. D. cost of goods manufactured. Chapter 02: Cost Concepts 2-9 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 26. Which terms below co rrectly describe the cost of the black paint used to paint the dots on a pair of dice? A. Choice A B. Choice B C. Choice C D. Choice D 27. The cost of fire insurance for a manufacturing plant is generally considered to be a: A. product cost. B. period cost. C. variable cost. D. all of these. 28. An example of a period cost is: A. fire insurance on a factory building. B. salary of a factory supervisor. C. direct materials. D. rent on a headquarters building. 29. Transportation costs incurred b y a manufacturing company to ship its product to its customers would be classified as which of the following? A. Product cost B. Manufacturing overhead C. Period cost D. Administrative cost Chapter 02: Cost Concepts 2-10 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 30. Micro Computer Company has set up a toll -free telephone li ne for customer inquiries regarding computer hardware produced by the company. The cost of this toll -free line would be classified as which of the following? A. Product cost B. Manufacturing overhead C. Direct labor D. Period cost 31. Rossiter Company f ailed to record a credit sale at the end of the year, although the reduction in finished goods inventories was correctly recorded when the goods were shipped to the customer. Which one of the following statements is correct? A. Accounts receivable was not affected, inventory was not affected, sales were understated, and cost of goods sold was understated. B. Accounts receivable was understated, inventory was overstated, sales were understated, and cost of goods sold was overstated. C. Accounts receivable w as not affected, inventory was understated, sales were understated, and cost of goods sold was understated. D. Accounts receivable was understated, inventory was not affected, sales were understated, and cost of goods sold was not affected. 32. Cost of g oods manufactured will usually include: A. only costs incurred during the current period. B. only direct labor and direct materials costs. C. some costs incurred during the prior period as well as costs incurred during the current period. D. some period c osts as well as some product costs. 33. Which two terms below describe the wages paid to security guards that monitor a factory 24 hours a day? A. variable cost and direct cost B. fixed cost and direct cost C. variable cost and indirect cost D. fixed co st and indirect cost Chapter 02: Cost Concepts 2-11 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 34. Within the relevant range, the difference between variable costs and fixed costs is: A. variable costs per unit fluctuate and fixed costs per unit remain constant. B. variable costs per unit are constant and fixed costs per uni t fluctuate. C. both total variable costs and total fixed costs are constant. D. both total variable costs and total fixed costs fluctuate. 35. Each of the following would be classified as variable in terms of cost behavior except: A. cost of shipping g oods to customers via express mail. B. sales commissions. C. plant manager's salary. D. direct materials. 36. A lawnmower manufacturer computed a cost per unit of $53 by adding together last month's direct labor, direct materials, and manufacturing overhead and dividing that total by the 10,000 units produced last month. (There were no beginning or ending inve ntories.) If 9,000 units are going to be manufactured this month, we would expect that the: A. cost per unit will remain the same. B. cost per unit will decrease. C. direction of change in unit costs cannot be determined. D. cost per unit will increase. 37. Which one of the following costs should NOT be considered an indirect cost of serving a particular customer at a Dairy Queen fast food outlet? A. the cost of the hamburger patty in the burger they ordered. B. the wages of the employee who takes the c ustomer's order. C. the cost of heating and lighting the kitchen. D. the salary of the outlet's manager. 38. An opportunity cost is: A. the difference in total costs which results from selecting one alternative instead of another. B. the benefit forgone by selecting one alternative instead of another. C. a cost which may be saved by not adopting an alternative. D. a cost which may be shifted to the future with little or no effect on current operations. Chapter 02: Cost Concepts 2-12 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 39. Buford Company rents out a small unused porti on of its factory to another company for $1,000 per month. The rental agreement will expire next month, and rather than renew the agreement Buford Company is thinking about using the space itself to store materials. The term to describe the $1,000 per mont h is: A. sunk cost. B. period cost. C. opportunity cost. D. variable cost. 40. The following costs were incurred in August: Conversion costs during the month totaled: A. $127,000 B. $51,000 C. $52,000 D. $75,000 41. The following costs were in curred in August: Prime costs during the month totaled: A. $39,000 B. $59,000 C. $96,000 D. $38,000 Chapter 02: Cost Concepts 2-13 Copyright © 2015 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 42. During the month of August, direct labor cost totaled $13,000 and direct labor cost was 20% of prime cost. If total manufacturing costs durin g August were $88,000, the manufacturing overhead was: A. $75,000 B. $23,000 C. $65,000 D. $52,000 43. In August direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54,000 and the direct materials cost was $34,000, the direct labor cost was: A. $36,000 B. $22,667 C. $51,000 D. $81,000 44. Williams Company's direct labor cost is 25% of its conversion cost. If the manufacturing overhead for the last period was $45,000 and the direct materials cost was $25,000, the d irect labor cost was: A. $15,000 B. $60,000 C. $33,333 D. $20,000 45. Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manufactured for the month? A. $105,000 B. $132,000 C. $138,000 D. $112,000