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) $1,363,000
B) $1,164,000
C) $1,135,000
D) $1,193,000
C .
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