Payton Corporation provided the following information for the year: Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning...

 

Transcribed Image Text:

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 Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $24,000 56,000 86,000 59,000 358,000 471,000 19,000 24,000 272,000 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 Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $24,000 56,000 86,000 59,000 358,000 471,000 19,000 24,000 272,000 What was the amount of the cost of goods manufactured for the year?

Answer rating: 100% (QA)

To determine the cost of goods manufactured for the year we need to calculate the total manufacturin... View the full answer