Arturo Manufacturing,Inc How Much Is the Cost of Goods Manufactured?
A) $838,170

question 34

Multiple Choice

Arturo Manufacturing,Inc.provided the following information for the year: $\begin{array} {| l | r| } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 150,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 62,500 \\\hline \text { Beginning Balance - Direct Materials } & 269,000 \\\hline \text { Ending Balance - Direct Materials } & 53,700 \\\hline \text { Purchases - Direct Materials } & 133,000 \\\hline \text { Direct Labor } & 74,380 \\\hline \text { Indirect Materials } & 52,350 \\\hline \text { Indirect Labor } & 132,500 \\\hline \text { Depreciation on Factory Plant and Equipment } & 72,160 \\\hline \text { Plant Utilities and Insurance } & 70,980 \\\hline\end{array}$ How much is the cost of goods manufactured?

• A) $838,170
• B) $750,670
• C) $900,670
• D) $766,010

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Definitions:

After-Tax Return

The net profit or loss of an investment after all taxes have been deducted.

Tax Bracket

A range of incomes taxed at a given rate by the government to implement a progressive tax system, where the rate increases as the taxable amount increases.

Dividend Yield

A ratio that compares the amount a company pays annually in dividends to the price of its shares.

Stock Price

The stock price is the cost of a single share of a number of saleable stocks of a company, derivative, or other financial asset.