Arturo Manufacturing,Inc How Much Is the Cost of Goods Manufactured?
A) $841,150

question 34

Multiple Choice

Arturo Manufacturing,Inc.provided the following information for the year: $$\begin{array} { | l | r |} \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 151,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 62,500 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 268,000 \\\hline \text { Ending Balance - Raw Materials Inventory } & 53,700 \\\hline \text { Purchases - Raw Materials } & 135,500 \\\hline \text { Direct Labor } & 73,860 \\\hline \text { Indirect Materials } & 53,150 \\\hline \text { Indirect Labor } & 131,500 \\\hline \text { Depreciation on Factory Plant and Equipment } & 71,500 \\\hline \text { Plant Utilities and Insurance } & 72,840 \\\hline\end{array}$$
How much is the cost of goods manufactured?

• A) $841,150
• B) $752,650
• C) $903,650
• D) $769,650

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Definitions:

Proposition

A statement that expresses a concept that can either be true or false.

Converse

In logic, the condition obtained by swapping the hypothesis and conclusion of a conditional statement.

Propositions

Proclamations or claims that articulate an evaluation or belief, which may be true or untrue.

Complement

The set or amount that completes something, often used in mathematics to refer to the set of elements not in a given set.