Payton Corporation Provided the Following Information for the Year What Was the Amount of the Cost of Goods Manufactured

question 216

Multiple Choice

Payton Corporation provided the following information for the year: $\begin{array} { | l | r | } \hline\text { Beginning Balance - Work-in-Process Inventory } & \$ 26,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 55,000 \\\hline \text { Beginning Balance - Direct Materials } & 81,000 \\\hline \text { Ending Balance - Direct Materials } & 59,000 \\\hline \text { Purchases - Direct Materials } & 360,000 \\\hline \text { Direct Labor } & 471,000 \\\hline \text { Indirect Labor } & 19,000 \\\hline \text { Depreciation on Factory Plant and Equipment } & 24,000 \\\hline \text { Plant Utilities and Insurance } & 268,000 \\\hline \end{array}$ What was the amount of the cost of goods manufactured for the year?

• A) $1,363,000
• B) $1,164,000
• C) $1,135,000
• D) $1,193,000

Understand the concept of exponential growth in populations.

Learn how to estimate population sizes using different methods, including the mark-recapture technique.

Understand factors affecting population size, including birth, death, immigration, and emigration.

Learn about population density and its impact on growth rates and behaviors.

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Definitions:

Socio-emotional Selectivity Theory

A theory that explains how individuals prioritize their social contacts based on their perceived remaining time in life, focusing more on emotionally satisfying relationships as they age.

Worldview

The comprehensive perspective from which individuals view and interpret the world and their place in it.

Well-being

The state of being comfortable, healthy, or happy, encompassing physical, emotional, and psychological wellness.

Frailty

is a condition often associated with aging, characterized by decreased strength, endurance, and physiological function, leading to increased vulnerability.