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

• A) $838,170
• B) $750,670
• C) $900,670
• D) $766,010

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Definitions:

Punishment

A process through which the likelihood of a behavior's occurrence is decreased by presenting an adverse stimulus or removing a desirable stimulus following the behavior.

Extinguish

In psychology, to diminish the occurrence of a conditioned response by repeatedly presenting the conditioned stimulus without the unconditioned stimulus.

Learned Helplessness

A psychological condition in which individuals believe they lack control over events and therefore do not try to change their situation despite having the ability to do so.

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Multicellular, eukaryotic organisms in the kingdom Animalia that are capable of movement and respond to their environment; they consume organic material, breathe oxygen, and can reproduce.