Question
Bramble Corp.'s accounting records reflect the following inventories: Dec. 31, 2020Dec. 31, 2019 Raw materials inventory$300000$250000Work in process inventory300000160000Finished goods inventory190000150000 During 2020, $790000of raw
Bramble Corp.'s accounting records reflect the following inventories:
Dec. 31, 2020Dec. 31, 2019Raw materials inventory$300000$250000Work in process inventory300000160000Finished goods inventory190000150000
During 2020, $790000of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000.
The total raw materials available for use during 2020 forBramble Corp.is
$650000.
$1040000.
$740000.
$1090000.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
