Question
52. The ABC Company uses job costing. In May, material requisitions were $44,000 ($40,000 of these direct), and raw material purchases were $56,600. The end
52. The ABC Company uses job costing. In May, material requisitions were $44,000 ($40,000 of these direct), and raw material purchases were $56,600. The end of month balance in raw materials inventory was $18,400. What was the beginning raw materials inventory balance?
|
| a. | $25,600 |
|
| b. | $31,000 |
|
| c. | None of the above |
|
| d. | $5,800 |
66. The CEO's salary is classified as a __________ cost
|
| a. | product |
|
| b. | Finished Goods |
|
| c. | manufacturing overhead |
|
| d. | period |
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Governmental Accounting
Authors: Steven M. Bragg
2022nd Edition
1642210781, 978-1642210781
