Beginning Raw Materials Inventory $80,000 Materials purchased $130,000 Ending Raw Materials Inventory $60,000 What is the amount of Raw...
Beginning Raw Materials Inventory $80,000
Materials purchased $130,000
Ending Raw Materials Inventory $60,000
What is the amount of Raw Materials Used?
|
$10,000 |
||
|
$130,000 |
||
|
$150,000 |
||
|
$60,000 |
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Beginning Raw Materials Inventory $80,000
Materials purchased $130,000
Ending Raw Materials Inventory $60,000
What is the amount of Raw...
Raw materials purchased were $45,000, the beginning balance was $10,000. Ending inventory was $12,000 and indirect...
Raw materials purchased were $45,000, the beginning balance was $10,000. Ending inventory was $12,000 and indirect materials used were $25,000. The amount of raw materials used was: (Explain and show work) a. $28,000. b. $30,000. c. $43,000. d. $53,000.
Given the following data Beginning raw materials inventory Materials purchased Ending raw materials inventory $30,000 40,000...
Given the following data Beginning raw materials inventory Materials purchased Ending raw materials inventory $30,000 40,000 What is the amount of raw materials used? $5,000 $55,000 $75,000 $30,000 D Question 8 2 pts A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is $750,000 $240,000 $600,000 O $270,000
SM Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of...
SM Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million 3M purchased $3,646 million of raw materials during the year What is the amount of raw materials it used during the year? (Enter your answer in millions.) Raw materials used million
Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in process inventory...
Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory Direct Labor Manufacturing overhead (Fixed) Manufacturing overhead (Variable) Revenue General and Administrative Expenses Selling Expenses Amount $200,000 $500,000 $1,800,000 $650,000 $200,000 $300,000 $900,000 $1,500,000 $1,200,000 $800,000 $10,000,000 $2,500,000 $1,200,000 Prepare a variable costing income statement Revenue Cost of goods sold Gross Profit Expenses Total Expenses NET INCOME (LOSS)
Accounting 331 Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in...
Accounting 331 Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory Direct Labor Manufacturing overhead (Fixed) Manufacturing overhead (Variable) Revenue General and Administrative Expenses Selling Expenses Amount $200,000 $500,000 $1,800,000 $650,000 $200,000 $300,000 $900,000 $1,500,000 $1,200,000 $800,000 $10,000,000 $2,500,000 $1,200,000 Prepare an absorption costing income statement Revenue Cost of goods sold Gross Profit Expenses Total Expenses NET INCOME (LOSS)
Example #15 Beginning inventory, raw materials Ending inventory, raw materials $15,000 $10,000 Purchases of raw materials...
Example #15 Beginning inventory, raw materials Ending inventory, raw materials $15,000 $10,000 Purchases of raw materials Unknown #1 Raw materials used Unknown #2 Direct labor $175.000 Manufacturing Overhead $112,000 Total manufacturing costs $377,000 Beginning inventory, work in process Unknown #3 Ending inventory, work in process $16.000 Cost of Goods Manufactured $389,000 Unknown #4 Beginning inventory, finished goods Cost of goods available for sale $462,000 $61,000 Ending Inventory, finished goods Unknown #5 Cost of Goods Sold $741,000 Sales Unknown #6 Gross...
Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000, respectively. If direct...
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
The following information relates to the manufacturing operations : Beginning Ending Raw materials inventory $ 61,000...
The following information relates to the manufacturing operations : Beginning Ending Raw materials inventory $ 61,000 $ 64,000 Finished goods 72,000 64,000 The raw materials used in manufacturing during the year totaled $122,000. Raw materials purchased during the year amount to:
Lando Company reported the following amounts for 2019: Raw materials purchased Beginning raw materials inventory $85,000...
Lando Company reported the following amounts for 2019: Raw materials purchased Beginning raw materials inventory $85,000 5,200 4,500 7,600 8,000 Ending raw materials inventory Beginning finished goods inventory Ending finished goods inventory Direct labor used Manufacturing overhead costs applied Beginning work in process inventory Ending work in process inventory 20,000 30,000 6,100 6,300 (a) Calculate the cost of materials used in production. Cost of materials used in production t (b) Calculate total manufacturing costs. Total manufacturing costs
Raw materials purchased were $23.640 and ending inventory of raw material was $13,200 From process, what...
Raw materials purchased were $23.640 and ending inventory of raw material was $13,200 From process, what was the cost of materials used in production? beginning inventory was 20% of materials used in the OA $8,352 OB. $46,050 OC. $13,050 OD. $29,550 Click to select your answer Q Search or enter address A s D F G H J
Given the following data Beginning raw materials inventory Materials purchased Ending raw materials inventory $30,000 40,000 What is the amount of raw materials used? $5,000 $55,000 $75,000 $30,000 D Question 8 2 pts A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is $750,000 $240,000 $600,000 O $270,000
SM Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million 3M purchased $3,646 million of raw materials during the year What is the amount of raw materials it used during the year? (Enter your answer in millions.) Raw materials used million
Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory Direct Labor Manufacturing overhead (Fixed) Manufacturing overhead (Variable) Revenue General and Administrative Expenses Selling Expenses Amount $200,000 $500,000 $1,800,000 $650,000 $200,000 $300,000 $900,000 $1,500,000 $1,200,000 $800,000 $10,000,000 $2,500,000 $1,200,000 Prepare a variable costing income statement Revenue Cost of goods sold Gross Profit Expenses Total Expenses NET INCOME (LOSS)
Accounting 331 Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory Direct Labor Manufacturing overhead (Fixed) Manufacturing overhead (Variable) Revenue General and Administrative Expenses Selling Expenses Amount $200,000 $500,000 $1,800,000 $650,000 $200,000 $300,000 $900,000 $1,500,000 $1,200,000 $800,000 $10,000,000 $2,500,000 $1,200,000 Prepare an absorption costing income statement Revenue Cost of goods sold Gross Profit Expenses Total Expenses NET INCOME (LOSS)
Example #15 Beginning inventory, raw materials Ending inventory, raw materials $15,000 $10,000 Purchases of raw materials Unknown #1 Raw materials used Unknown #2 Direct labor $175.000 Manufacturing Overhead $112,000 Total manufacturing costs $377,000 Beginning inventory, work in process Unknown #3 Ending inventory, work in process $16.000 Cost of Goods Manufactured $389,000 Unknown #4 Beginning inventory, finished goods Cost of goods available for sale $462,000 $61,000 Ending Inventory, finished goods Unknown #5 Cost of Goods Sold $741,000 Sales Unknown #6 Gross...
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
Lando Company reported the following amounts for 2019: Raw materials purchased Beginning raw materials inventory $85,000 5,200 4,500 7,600 8,000 Ending raw materials inventory Beginning finished goods inventory Ending finished goods inventory Direct labor used Manufacturing overhead costs applied Beginning work in process inventory Ending work in process inventory 20,000 30,000 6,100 6,300 (a) Calculate the cost of materials used in production. Cost of materials used in production t (b) Calculate total manufacturing costs. Total manufacturing costs
Raw materials purchased were $23.640 and ending inventory of raw material was $13,200 From process, what was the cost of materials used in production? beginning inventory was 20% of materials used in the OA $8,352 OB. $46,050 OC. $13,050 OD. $29,550 Click to select your answer Q Search or enter address A s D F G H J
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