Question
Gross profit P=1,920,000 Decrease in finished goods 200,000 Increase in work in process 480,000 Increase in raw materials 250,000 Prime costs 6,750,000 Conversion cost (FOH
Gross profit P=1,920,000
Decrease in finished goods 200,000
Increase in work in process 480,000
Increase in raw materials 250,000
Prime costs 6,750,000 Conversion cost (FOH is 50% of DL costs) 6,750,000
31. The raw materials purchased during the period is ____________________
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
