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ASSIGNMENT ACT3110 (5%) Q1. Beauchesne Corporation, a manufacturing company, has provided the following data for the month of May: Inventories: Raw materials......... Finished goods Beginning
ASSIGNMENT ACT3110 (5%) Q1. Beauchesne Corporation, a manufacturing company, has provided the following data for the month of May: Inventories: Raw materials......... Finished goods Beginning Ending $36,000 $24.000 $57,000 $28,000 Raw materials purchased during May totaled $69,000 and the cost of goods manufactured totaled $146,000 Required: a. What was the cost of raw materials used in production during May? Show your work. b. What was the cost of goods sold for May? Show your work
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