Payton Corporation Provided the Following Information for the Year What Was the Amount of the Cost of Goods Manufactured

question 155

Multiple Choice

Payton Corporation provided the following information for the year: $\begin{array}{|l|r|}\hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 26,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 55,000 \\\hline \text { Beginning Balance - Direct Materials } & 81,000 \\\hline \text { Ending Balance - Direct Materials } & 59,000 \\\hline \text { Purchases - Direct Materials } & 360,000 \\\hline \text { Direct Labor } & 471,000 \\\hline \text { Indirect Labor } & 19,000 \\\hline \text { Depreciation on Factory Plant and Equipment } & 24,000 \\\hline \text { Plant Utilities and Insurance } & 268,000\\\hline\end{array}$ What was the amount of the cost of goods manufactured for the year?

• A)$1,363,000
• B)$1,164,000
• C)$1,135,000
• D)$1,193,000

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