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?

Answer rating: 100% (QA)

Answercost of goods manufactured for the year 113500000 explanation is ... View the full answer