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Arturo Manufacturing,Inc How Much Is the Cost of Goods Manufactured?
A)$838,170
B)$750,670

question 165

Multiple Choice

Arturo Manufacturing,Inc.provided the following information for the year:  Beginning Balance - Work-in-Process Inventory $150,000 Ending Balance - Work-in-Process Inventory 62,500 Beginning Balance - Raw Materials Inventory 269,000 Ending Balance - Raw Materials Inventory 53,700 Purchases - Raw Materials 133,000 Direct Labor 74,380 Indirect Materials 52,350 Indirect Labor 132,500 Depreciation on Factory Plant and Equipment 72,160 Plant Utilities and Insurance 70,980\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 150,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 62,500 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 269,000 \\\hline \text { Ending Balance - Raw Materials Inventory } & 53,700 \\\hline \text { Purchases - Raw Materials } & 133,000 \\\hline \text { Direct Labor } & 74,380 \\\hline \text { Indirect Materials } & 52,350 \\\hline \text { Indirect Labor } & 132,500 \\\hline \text { Depreciation on Factory Plant and Equipment } & 72,160 \\\hline \text { Plant Utilities and Insurance } & 70,980 \\\hline\end{array} How much is the cost of goods manufactured?

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Definitions:

Working Conditions

The environment, including physical, social, and psychological aspects, in which employees perform their job duties.

Job Environment

The physical and psychological conditions under which employees work, including safety, comfort, and the organizational culture.

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A team assembled to generate creative ideas and solutions through open and unrestricted discussion.

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