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How much cost of goods manufactured for Arturo Manufuring

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Reference no: EM132797202

Arturo Manufacturing, Inc. provided the following information for the year:

Beginning Balance-Work-in-Process Inventory $150,000

Ending Balance-Work-in-Process Inventory 62,000

Beginning Balance- Direct Materials 268,000

Ending Balance- Direct Materials 53,200

Purchases - Direct Materials 131,500

Direct Labor 74,820

Indirect Materials 52,100

Indirect Labor 133,500

Depreciation on Factory Plant and Equipment 74,260

Plant Utilities and Insurance 74,380

Problem 1: How much is the cost of goods manufactured?

Reference no: EM132797202

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