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ABC Corporation reported the following data for the month of January: Inventories: Beginning Ending Raw materials 46,000 34,000 Work in process 33,000 27,000 Finished goods
ABC Corporation reported the following data for the month of January:
Inventories: | Beginning | Ending |
Raw materials | 46,000 | 34,000 |
Work in process | 33,000 | 27,000 |
Finished goods | 27,000 | 55,000 |
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Additional information: |
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Raw materials purchases | 69,000 |
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Direct labor cost | 94,000 |
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Manufacturing overhead cost incurred | 54,000 |
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Indirect materials included in manufacturing overhead cost incurred | 8,000 |
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Manufacturing overhead cost applied to Work in Process | 56,000 |
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Calculate cost of raw material consumed during the month of January?
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