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

question 56

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 - Direct Materials 269,000 Ending Balance - Direct Materials 53,700 Purchases - Direct 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 - Direct Materials } & 269,000 \\\hline \text { Ending Balance - Direct Materials } & 53,700 \\\hline \text { Purchases - Direct 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:

Fatty Acids

Long chains of hydrocarbon molecules that are a major component of lipids in the diet and play a crucial role in biological functions and energy storage.

Secretory Vesicle

Membrane-bound vesicles produced by cells to store and transport substances (like hormones or neurotransmitters) that are to be secreted.

Exocytosis

A process by which a cell transports molecules out of the cell by vesicle fusion with the plasma membrane.

Lysosome

A membrane-bound cell organelle that contains digestive enzymes and breaks down excess or worn-out cell parts, food particles, and invading viruses or bacteria.

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