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Question
Arturo Manufacturing Company provided the following information for the year 2012:
Beginning balancework in process inventory $12,000
Ending balancework in process inventory $28,000
Beginning balancedirect materials inventory $42,000
Ending balancedirect materials inventory $30,000
Purchasesdirect materials $180,000
Direct labor $235,000
Indirect materials $23,500
Indirect labor $9,500
Depreciation on factory plant & equipment $12,000
Plant utilities & insurance $135,000
What was the amount of the cost of goods manufactured for the year?
A) $591,000
B) $579,000
C) $619,000
D) $607,000
Answer
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