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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Malibu Corporation provided the following information for the year:

Beginning BalanceWork-in-Process Inventory   $26,000
Ending BalanceWork-in-Process Inventory   55,000
Beginning BalanceRaw Materials Inventory   81,000
Ending BalanceRaw Materials Inventory   59,000
PurchasesRaw Materials   360,000
Direct Labor   471,000
Indirect Labor   19,000
Depreciation on Factory Plant and Equipment   24,000
Plant Utilities and Insurance   268,000

What was the amount of the cost of goods manufactured for the year?
A) $1,135,000
B) $1,164,000
C) $1,193,000
D) $1,363,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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