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Each correct answer is worth 1 mark. The Bombardier Company incurred the following costs last month: Purchases of Raw Materials Direct Labour $169,000 $229,300
Each correct answer is worth 1 mark. The Bombardier Company incurred the following costs last month: Purchases of Raw Materials Direct Labour $169,000 $229,300 Manufacturing Overhead $198,500 But: - some of the goods sold this month were produced in previous months -some of the costs listed above were incurred to make goods that were not sold this mont Therefore, the following assumptions are made: Cost of goods sold does NOT equal the sum of the above costs. We need to determine the values of the various inventories. Additional data for Ryarder Company: Raw Materials Inventory: beginning raw materials Purchases of raw materials Ending raw materials inventory Work in Process Inventory: beginning work in process inventory Ending work in process inventory ished Goods Inventory: beginning finished goods inventory Ending finished goods inventory $7,345 $125,000 $2,500 $55,000 $52,000 $115,0 $80,00
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