Question
Acme's standard cost for their hula hoop is $6 per unit(3 pounds of material at $2 per pound). During March, they purchased 20,000 pounds of
Acme's standard cost for their hula hoop is $6 per unit(3 pounds of material at $2 per pound).
During March, they purchased 20,000 pounds of material for $43,000. During the month they produced 5,000 hula hoop using 16000 pounds of materal.
What was the value of Acme's raw materials inventory account at the end of March? ________
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
