Kelly Companys raw materials inventory transactions for the most recent month are summarized here. 1. How much
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Kelly Company’s raw materials inventory transactions for the most recent month are summarized here.
1. How much of the raw materials cost would he added to the Work in Process Inventory account during the period?
2. How much of the raw materials costs would be added to the Manufacturing Overhead account?
3. Compute the ending balance in the Raw Materials Inventory account.
Transcribed Image Text:
Beginning raw materials Purchases of raw materials Raw materials issued $ 10,000 100,000 Materials requisition 1445 50,000 For Job 101 Materials requisition 1446 Materials requisition 1447 40,000 15,000 For Job 102 Used on multiple jobs
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Related Book For
Managerial Accounting
ISBN: 9780078110771
1st Edition
Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips
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