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

question 199

Multiple Choice

Malibu Corporation provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 24,000 \\\hline \text { Ending Balance-Work-in-Process Inventory } & 57,000 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 86,000 \\\hline \text { Ending Balance-Raw Materials Inventory } & 59,000 \\\hline \text { Purchases - Raw Materials } & 362,000 \\\hline \text { Direct Labor } & 471,000 \\\hline \text { Indirect Labor } & 20,000 \\\hline \text { Depreciation on Factory Plant and Equipment } & 22,000 \\\hline \text { Plant Utilities and Insurance } & 271,000 \\\hline\end{array}$$
What was the amount of the cost of goods manufactured for the year?

• A) $1,372,000
• B) $1,173,000
• C) $1,140,000
• D) $1,206,000

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