Barricades Corporation Provided the Following Information for the Year 2015

question 144

Multiple Choice

Barricades Corporation provided the following information for the year 2015: $$\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 24,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 56,000 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 84,000 \\\hline \text { Ending Balance - Raw Materials Inventory } & 60,000 \\\hline \text { Purchases-Raw Materials } & 360,000 \\\hline \text { Direct Labor } & 470,000 \\\hline \text { Indirect Materials } & 47,000 \\\hline \text { Indirect Labor } & 19,000 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 24,000 \\\hline \text { Plant Utilities \& Insurance } & 270,00 \\\hline\end{array}$$ What was the amount of the cost of goods manufactured for the year 2015?

• A) $1,414,000
• B) $1,214,000
• C) $1,182,000
• D) $1,246,000