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a. What is the amount of direct materials purchased? b. How much is the total manufacturing cost? How much is the total conversion cost? c.
a. What is the amount of direct materials purchased?
b. How much is the total manufacturing cost? How much is the total conversion cost?
c. What is the ending work in process inventory?
d. What is the finished goods ending inventory?
The financial records of ASMR Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the accountant. The accountant now requires your assistance in computing the missing items. Direct Materials Inventory Beginning Balance - 8,000 Purchases - Unknown Transferred out - Unknown Ending balance - 6,400 Work in Progress Inventory. Beginning Balance - 7,500 Materials - 18,000 Labor - 13,500 Manufacturing Overhead - 8,000 Transferred out - Unknown Ending balance - Unknown Finished Goods Inventory Beginning Balance - Unknown Transferred in - 39,500 Transferred out - Unknown Ending balance - 4,200 Cost of Goods Sold Balance - 57,000 What is the amount of direct materials purchasedStep by Step Solution
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