Arturo Manufacturing Company Provided the Following Information for the Year

question 24

Multiple Choice

Arturo Manufacturing Company provided the following information for the year 2012: $$\begin{array} { l r } \text { Beginning balance-work in process inventory } & \$ 12,000 \\\text { Ending balance-work in process inventory } & \$ 28,000 \\\text { Beginning balance-direct materials inventory } & \$ 42,000 \\\text { Ending balance-direct materials inventory } & \$ 30,000 \\\text { Purchases-direct materials } & \$ 180,000 \\\text { Direct labor } & \$ 235,000 \\\text { Indirect materials } & \$ 23,500 \\\text { Indirect labor } & \$ 9,500 \\\text { Depreciation on factory plant \& equipment } & \$ 12,000 \\\text { Plant utilities \& insurance } & \$ 135,000\end{array}$$
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How much is the cost of goods manufactured?

• A) $591,000
• B) $607,000
• C) $619,000
• D) $579,000

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Definitions:

Fog of War

The uncertainty faced by participants in military operations, often applicable by analogy to situations of confusion or ambiguity in business and strategy.

Ethical Behavior

Conduct that is consistent with principles of moral and ethical standards, reflecting integrity, fairness, and respect towards others.

Entrepreneurial Experience

The practical knowledge and skills gained through starting and managing new business ventures.

Aristotelian Approach

A method or philosophy based on the teachings of Aristotle, often emphasizing logical reasoning and empirical evidence.