Following Information for the Year 2012 - What Was the Amount of the Cost of }

question 96

Multiple Choice

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

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Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.

Metronome

A mechanical or electronic device used to keep a steady tempo by producing a regulated sound, aiding musicians in maintaining a consistent pace in their performance.

Unconditioned Reflexes

Automatic or natural responses to a stimulus that occur without prior learning or conditioning.

CS

Conditioned Stimulus; A previously neutral stimulus that, after being paired with an unconditioned stimulus, evokes a conditioned response.