Solution:
Raw materials used = Beginning inventory + Materials purchased - ending inventory
= 30000 + 65000 - 40000 = $55,000
Hence option "d" is correct.
ID Top 10 Benefits x C Negative Effect x Bw Use social mec Which Social N m/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Calculator Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 202 Plastic $88,740 29,320 3,470 2,400 Rubber 503 504 Indirect 510 203 204 205 Glue Steel 39,030 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave...
Pow X ID Top 10 Benefit X Negative Effect x V Uso social med X Which Social x 2 Cenga, now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=fa Calculator Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $15,710 127,720 Direct materials Direct labor 137,780 Factory overhead 72,420 Jobs finished during August are summarized as follows: Job 210 Job 216 Job 224 Job 230 $63,650 38,900 74,260...