From the following, calculate the cost of raw materials used: Raw materials inventory, January 1 ......... $
Question:
Raw materials inventory, January 1 ......... $ 6,600
Raw materials inventory, December 31 ...... 12,700
Purchases of raw materials ........... 90,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Beginning raw materials inventory ...View the full answer
Answered By
ZIPPORAH KISIO LUNGI
I have worked on several other sites for more than five years, and I always handle clients work with due diligence and professionalism. Am versed with adequate experience in the fields mentioned above in which have delivered quality papers in research, thesis, essays, blog articles, and so forth.
I have gained extensive experience in assisting students to acquire top grades in biological, business and IT papers. Notwithstanding that, I have 7+ years of experience in corporate world software design and development.
5.00+
194+ Reviews
341+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
From the following, calculate the cost of raw materials used: Raw Material Inventory, Januray 1 $6,100 Raw Material Inventory, December 31 13,300 Purchases of Raw Materials 70,000
-
From the following, calculate the cost of raw materials used: Raw materials inventory, January 1 .................$ 6,700 Raw materials inventory, December 31............. 13,100 Purchases of raw...
-
From the following balances, calculate the cost of raw material used: Raw materials inventory, January 1 .......... $ 66,000 Raw materials inventory, December 31 ....... 94,000 Purchases of raw...
-
Violet Flowers expects to sell 3,000 plants a month. She estimated the following monthly costs: Variable Costs $9,000 Fixed Costs $15,000 During her second month of operation, Violet would like to...
-
All odd-numbered molecules left at odd times. We follow four individually labeled molecules and record the minute ti when molecule I leaves the cell. For example, if ti = 1, t2 = 3, t3 = 6, and t4 =...
-
Marcella Ltd. (ML) is a Northern Ontario based manufacturer of building materials. In the fourth quarter of 20X1, MLs board of directors agreed with senior management that the company needed to...
-
What are the roles of state and federal governments in dealing with globalization? What is governments role in protecting citizens from the potential negative effects of globalization? What kinds of...
-
One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, East, North, South, and West. Determine the missing amounts,...
-
july 1 st k . samuels, sole shareholder of samuels internet cafe ltd , started his business by investing by investing his cash saving of $ 8 2 0 0 for 1 0 0 shares of the business . 1 st , Recevied a...
-
A household receives an average of 1.7 pieces of junk mail per day. Find the probability that this household will receive exactly 3 pieces of junk mail on a certain day. Use the Poisson probability...
-
Draw a diagram to show the flow of manufacturing costs.
-
From the following, calculate total manufacturing costs: Direct labor ............... $ 8,600 Raw materials inventory, June 30 ..... 4,800 Raw materials purchases .......... 15,600 Raw materials...
-
New Hampshire International Speedway, Inc., owned the New Hampshire International Speedway, a racetrack next to Route 106 in Loudon, New Hampshire. In August 1998, on the weekend before the Winston...
-
Matthew Kennedy of Urbana, Ohio, is single and has been working as an admissions counselor at a university for five years. Matthew owns a home valued at $250,000 on which he owes $135,000. He has a...
-
Question: A group of employees of Unique Services will be surveyed about a new pension plan. In-depth interviews with each employee selected in the sample will be conducted. The employees are...
-
On January 1, 2020, the following accounts appeared in the general ledger of Ace's Repair Shop: Cash P10,500 Accounts receivable 8.400 Furniture 12,600 Repair Equipment 54,000 Accounts Payable 22,000...
-
Your maths problem x+3x-3 Find solutions on the web Q +1 XII
-
5. Data for the payroll for the Dos Company for the month of April are shown below: Total gross earnings Social security taxes withheld Phil Health taxes withheld Employees income tax withheld...
-
You want to install sod on one-half of your parallelogram-shaped backyard as shown. The patio covers the other half. Sod costs \(\$ 50\) a bag and covers \(25 \mathrm{ft}^{2}\). How much will it cost...
-
Explain briefly what is meant by electronic data interchange (EDI). How does EDI affect a companys audit trail?
-
Find 10 advertisements on the Internet for sports products and describe the executional format for each advertisement. Which type of execution format is most commonly used for Internet advertising?
-
Footings are used in balancing all accounts. True or false? Please explain.
-
Footings are used in balancing all accounts. True or false? Please explain.
-
From the trial balance of Grace Lantz, Barrister and Solicitor, of Winnipeg, prepare? (a) An income statement for the month of May,? (b) A statement of owner?s equity for the month ended May 31, and?...
-
You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this...
-
state, "The subscription price during a rights offering is normally r; lower ; lower r; higher er; higher than the rights-on price and
-
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...
Study smarter with the SolutionInn App