Arturo Manufacturing Company provided the following information for the year 2012: Purchasesdirect materials $180,000 Direct materials used in production $192,000 Direct labor $235,000 Indirect materials $23,500 Indirect labor $9,500 Depreciation on factory plant & equipment $12,000 Plant utilities & insurance $135,000 Cost of goods manufactured $591,000 Cost of goods sold $598,500

Please refer to the T-accounts below which show the beginning balances for the year. Record the transactions for the year in each of the three inventory accounts and then show the ending balance in each T-account.

Direct Materials

42,00

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Work in Process

12,000

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Finished Goods

49,500

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