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I need help with this question please. Thank you!! I need help with this question please: raw materials, begininng: $60,000 raw materials purchases: $140,000 raw
I need help with this question please. Thank you!!
I need help with this question please: raw materials, begininng: $60,000 raw materials purchases: $140,000 raw marerials, ending: $64,000 rent expense- factory : $45,000 repairs expense- factory: $11,500 factory utilities: $9,500 factory supplies used (indirect materials) : $14,000 indirect labor: $38,000 Tableau DA 14-1: Quick Study, Computing direct materials used LO C4, C5 You have been asked by the CEO of Mountaineer Co, to assist in analyzing product costs, This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Work in Process \& Finished Goods Inventories Additional Data \begin{tabular}{|l|r|} \hline Accounts receivable, net & $150,000 \\ \hline Cash & $350,000 \\ \hline Direct labor & $180,000 \\ \hline \end{tabular} Sales and Select Expense Accounts Sales 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co, is a manufacturer or a merchandiser? 1. (b) Which of following accounts distinguishes Mountaineer Co. as a manufacturer or merchandiser? 2. Identify the amount of raw materials purchases. 3. Compute the amount of raw materials it used during the year. Complete this question by entering your answers in the tabs below. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. is a manufacturer or a merchandiser? (b) Which of following accounts distinguishes Mountaineer Co. as a manufacturer or merchandiser? 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. is a manufacturer or a merchandiser? 1. (b) Which of following accounts distinguishes Mountaineer Co, as a manufacturer or merchandiser? 2. Identify the amount of raw materials purchases. 3. Compute the amount of raw materials it used during the year. Complete this question by entering your answers in the tabs below. 2. Identify the amount of raw materials purchases. 3. Compute the amount of raw materials it used during the year Step by Step Solution
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