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What is the total cost of goods sold budgeted for the four months?

(A) $328,000
(B) $332,000
(C) $336,000
(D) $340,000

User Christyl
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1 Answer

3 votes

Final answer:

Without more specific data on beginning inventory, purchases, and ending inventory, the total cost of goods sold for the four months cannot be determined from the provided GDP information.

Step-by-step explanation:

The question asked pertains to the total cost of goods sold that is budgeted for the four months, but there is insufficient information in the provided data to accurately calculate this figure. The information given relates to the formula for Gross Domestic Product (GDP) which is Consumption + Investment + Government spending + (Exports – Imports) and calculates a GDP of $560 billion. This calculation does not directly provide the cost of goods sold figure.

To determine the cost of goods sold, we would typically need data such as beginning inventory, purchases during the period, and ending inventory. These details are not present in the given information. Therefore, based on the data presented, it is not possible to choose one of the multiple-choice answers (A to D) as the total cost of goods sold budgeted for the four months.

User Torf
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