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Having trouble trying to complete this last question. RotePacks manufactures backpocks its plant records include the following matenals-reiated transactons: Make the joumal entries to record
Having trouble trying to complete this last question.
RotePacks manufactures backpocks its plant records include the following matenals-reiated transactons: Make the joumal entries to record these transactions. Post these tansactions to the Raw Materials Inventory account. If the company had $37,000 of Raw Materials inventory at the beginning of the period, what is the ending balance of Raw Materals Invontory? (Assume that thread is considered an indirect matorial) Begin by recording the joumal entry for the purchases of materials. (Record debis fest, then credts. Exclude explanations from any joumal entries.) Now record the joumal entry for the materials used. Now post the transactions to the Raw Materials inventory account. If the company had $37,000 of Raw Materials inventory at the beginning of the period, what is the ending balance of Raw Materials inventory? Enter the beginning balance of the Raw Materials imventory T-account on the first Ine, then post the transactions and caiculate the ending balance. (Use transaction descriptions as posting references when posting the transactions to the account.) Step by Step Solution
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