Arturo Manufacturing Company Provided the Following Information for the Year

question 47

Multiple Choice

Arturo Manufacturing Company provided the following information for the year 2015: $$\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 12,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 28,000 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 42,000 \\\hline \text { Ending Balance - Raw Materials Inventory } & 30,000 \\\hline \text { Purchases-Raw Materials } & 180,000 \\\hline \text { Direct Labor } & 235,000 \\\hline \text { Indirect Materials } & 23,500 \\\hline \text { Indirect Labor } & 9,500 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 12,000 \\\hline \text { Plant Utilities \& Insurance } & 135,000 \\\hline\end{array}$$ 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:

High Standards

Expectations that are significantly above average or what is considered the norm.

Sales Representatives

Individuals tasked with selling products or services to customers, focusing on meeting sales targets and enhancing customer relationships.

Diverse People

Individuals of various backgrounds, cultures, ethnicities, beliefs, and experiences contributing to a rich and varied community or workforce.

Business Performance

The measure of a company's ability to achieve its goals and objectives, typically evaluated through financial and operational indicators.