Payton Corporation provided the following information for the year: Beginning Balance-Work-in - Process Inventory Ending Balance Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance Direct Materials Purchases Direct Materials Direct Labor Indirect Labor Question 12 of 50 > OA. $1,365,000 OB. $1,137,000 OC. $1,199,000 OD. $1,168,000 $25,000 56,000 85,000 58,000 356,000 472,000 18,000 25,000 Depreciation on Factory Plant and Equipment Plant Utilities and Insurance 270,000 What was the amount of the cost of goods manufactured for the year?

Financial And Managerial Accounting
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Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter16: Job Order Costing
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Problem 2E: The following information is available for the first year of operations of Creston Inc., a...
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Payton Corporation provided the following information for the year:
$25,000
Beginning Balance-Work-in - Process Inventory
Ending Balance Work-in-Process Inventory
56,000
85,000
58,000
356,000
472,000
18,000
25,000
Depreciation on Factory Plant and Equipment
Plant Utilities and Insurance
270,000
What was the amount of the cost of goods manufactured for the year?
Beginning Balance - Direct Materials
Ending Balance Direct Materials
Purchases Direct Materials
Direct Labor
Indirect Labor
< Question 12 of 50
OA. $1,365,000
OB. $1,137,000
OC. $1,199,000
OD. $1,168,000
...
Transcribed Image Text:Payton Corporation provided the following information for the year: $25,000 Beginning Balance-Work-in - Process Inventory Ending Balance Work-in-Process Inventory 56,000 85,000 58,000 356,000 472,000 18,000 25,000 Depreciation on Factory Plant and Equipment Plant Utilities and Insurance 270,000 What was the amount of the cost of goods manufactured for the year? Beginning Balance - Direct Materials Ending Balance Direct Materials Purchases Direct Materials Direct Labor Indirect Labor < Question 12 of 50 OA. $1,365,000 OB. $1,137,000 OC. $1,199,000 OD. $1,168,000 ...
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