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Question 22 A company 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
Question 22 A company 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? O$1,363,000 O $1,164,000 $1,135,000 O$1,193,000 3.4 pts
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