Arturo Manufacturing, Inc provided the following information for the year
Beginning Balance-Work-in-Process Inventory $150,000
Ending Balance-Work-in-Process Inventory 62,500
Beginning Balance-Raw Materials Inventory 269,000
Ending Balance-Raw Materials Inventory 53,700
Purchases-Raw Materials 133,000
Direct Labor 74,380
Indirect Materials 52,350
Indirect Labor 132,500
Depreciation on Factory Plant and Equipment 72,160
Plant Utilities and Insurance 70,980
How much is the cost of goods manufactured?
A) $838,170
B) $750,670
C) $900,670
D) $766,010
A .
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Indicate whether the statement is true or false
Which of the following is a characteristic of common shares?
A) They have voting rights for directors B) They carry a preferential right to distribution of assets on breakup. C) They carry veto rights in annual general meetings of the company D) They allow for the payment of lower rates of withholding tax on declared dividends E) They attract a greater amount of dividend