Question
Bonita Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187800 Beginning balance, Work in Process Inventory 303000 Beginning balance, Finished Goods
Bonita Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187800 Beginning balance, Work in Process Inventory 303000 Beginning balance, Finished Goods Inventory 107650 Manufacturing overhead applied 534500 Purchases of raw materials 337900 Factory electricity 62900 Direct labor payroll 191000 Depreciation on factory equipment 218600 Insurance on factory building 53900 Indirect materials used in production 43450 Total raw materials used in production 406750 Indirect labor payroll 150000 Cost of goods manufactured 1242000 Cost of Goods Sold 1312100 What was the ending balance in Bonitas Raw Materials Inventory at December 31?
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