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

question 145

Multiple Choice

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

Diabetes Insipidus

A rare disorder characterized by intense thirst and the excretion of large amounts of urine, unrelated to diabetes mellitus.

Polyuria

The condition of producing abnormally large volumes of dilute urine, often indicative of underlying health issues such as diabetes or kidney disease.

Desmopressin Acetate

A synthetic hormone used to treat conditions like diabetes insipidus, bedwetting, and to manage bleeding in certain disorders, by limiting the amount of water eliminated in urine.

Diabetes Insipidus

A rare disorder characterized by intense thirst and the excretion of large amounts of urine.