Arturo Manufacturing Company Provided the Following Information for the Year

question 74

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

---

Definitions:

Recommendation Letters

Written endorsements of an individual's character, abilities, and potential, usually for purposes of employment or admission.

Company's Policy

Guidelines and rules established by a company to govern its operations, employee behavior, and business dealings.

Legal Complications

Refers to potential legal challenges or issues that may arise during the course of a business operation, transaction, or in personal situations.

News Release

A written statement issued to the media to announce something of interest, such as a new product, event, or piece of information.