Question
A small manufacturing company has a raw materials beginning balance of $70,000. During the period it made raw material purchases of $40,000. At the end
A small manufacturing company has a raw materials beginning balance of $70,000. During the period it made raw material purchases of $40,000. At the end of the period the production staff counted $22,000 of raw material left. What is the cost of raw material used for the period?
| $88,000 | ||
| $48,000 | ||
| $70,000 | ||
| $110,000 |
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Computerized Accounting With QuickBooks 2014
Authors: Kathleen Villani, James B. Rosa, Blanche Ettinger
1st Edition
0763860239, 9780763860233
