Arturo Manufacturing Company provided the following information for the year 2012:

\begin{array} { l r } \text { Beginning balance-work in process inventory } & \$ 12,000 \\\text { Ending balance-work in process inventory } & \$ 28,000 \\\text { Beginning balance-direct materials inventory } & \$ 42,000 \\\text { Ending balance-direct materials inventory } & \$ 30,000 \\\text { Purchases-direct materials } & \$ 180,000 \\\text { Direct labor } & \$ 235,000 \\\text { Indirect materials } & \$ 23,500 \\\text { Indirect labor } & \$ 9,500 \\\text { Depreciation on factory plant \& equipment } & \$ 12,000 \\\text { Plant utilities \& insurance } & \$ 135,000\end{array}

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Please refer to the T-accounts below which show the beginning balances for the year. $Arturo Manufacturing Company provided the following information for the year 2012: \begin{array} { l r } \text { Beginning balance-work in process inventory } & \$ 12,000 \\ \text { Ending balance-work in process inventory } & \$ 28,000 \\ \text { Beginning balance-direct materials inventory } & \$ 42,000 \\ \text { Ending balance-direct materials inventory } & \$ 30,000 \\ \text { Purchases-direct materials } & \$ 180,000 \\ \text { Direct labor } & \$ 235,000 \\ \text { Indirect materials } & \$ 23,500 \\ \text { Indirect labor } & \$ 9,500 \\ \text { Depreciation on factory plant \& equipment } & \$ 12,000 \\ \text { Plant utilities \& insurance } & \$ 135,000 \end{array} - Please refer to the T-accounts below which show the beginning balances for the year. Use the T-accounts to record the transactions for the year. What is the ending balance in the finished goods inventory? A) $28,000 B) $42,000 C) $22,000 D) $91,500$
Use the T-accounts to record the transactions for the year. What is the ending balance in the finished goods inventory?
A) $28,000
B) $42,000
C) $22,000
D) $91,500

Which of the Following Is NOT an Advantage of Just-In-Time

Multiple Choice

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