Question
Cottonwood, Inc. has the following information regarding its Raw Materials Inventory account: Direct materials used during the month$672,700 Raw materials purchased during the month$683,200 Ending
Cottonwood, Inc. has the following information regarding its Raw Materials Inventory account: Direct materials used during the month$672,700 Raw materials purchased during the month$683,200 Ending balance Raw Materials Inventory$21,250
What is the beginning balance of Cottonwoods Raw Materials Inventory account?
a.$31,750
b.$10,750
c.$693,950
d.$661,950
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Market Contact Audit
Authors: Gerardus Blokdyk
2nd Edition
0655179771, 978-0655179771
