Answer-Cost of Raw Material Purchased = Ending Raw material + Direct Material used - Opening Raw Material
Cost of raw material purchased =$100000+$410000-$84000
=$426000
Hence,the correct option is c.$426000
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Question 11 Coronado Industries has beginning and ending raw materials inventories of $84000 and $100000, respectively....
Coronado Industries has beginning and ending raw materials inventories of $116000 and $140000, respectively. If direct materials used were $690000, what was the cost of raw materials purchased? $666000. $690000. $720000. $714000.
Gammil Company has beginning and ending raw materials inventories of $96.000 and $120.000, respectively. If direct materials used were $440,000, what was the cost of raw materials purchased? O a) $470.000 b) $416,000 c) $440,000 d) 5464000
Concord Corporation has beginning and ending raw materials inventories of $86000 and $110000, respectively. If direct materials used were $590000, what was the cost of raw materials purchased?
Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000, respectively. If direct materials used were $290,000, what was the cost of raw materials purchased? a) $306,000 Ob) $290,000 c) $274,000 d) $310.000
Multiple Choice Question 131 Costas Combines, Inc. has beginning and ending raw materials inventories of $64000 and $80000, respectively. If direct materials used were $310000, what was the cost of raw materials purchased? O $330000. O $326000. O $310000 O $294000 Click if you would like to Show Work for this question: Open Show Work
h 14: Managerial Accounting (14 of 20) Q 14.14: Tektron Industries has Beginning and Ending Raw Materials Inventories of $32,000 and $40,00 respectively. Direct Materials used were $130,000. The cost of Raw Materials Purchased is A $122,000 B $140,000. C $138,000 D $130,000
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
The following information is from ABC Company’s general ledger:
Beginning and ending inventories, respectively, for raw materials
were $9,600 and $11,600 and for work in process were $21,600 and
$23,600. Raw material purchases and direct labor costs incurred
were $37,600 each, and manufacturing overhead applied amounted to
$21,600.
Required: Prepare a statement of cost of goods
manufactured for ABC Company. (Amounts to be deducted
should be indicated by a minus sign.)
The following information is from ABC Company's general ledger:...
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