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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?

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 ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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