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In May, assume Kier Company purchased $90,000 of raw materials and used $80,000 in production. Kier Company incurred $150,000 of direct labor expenses and $94,000
In May, assume Kier Company purchased $90,000 of raw materials and used $80,000 in production. Kier Company incurred $150,000 of direct labor expenses and $94,000 of overhead applied in May. Kier Company incurred $25,000 of selling expenses in May. The beginning work in process account was $10,000 and ending was $19,000. The beginning finished goods account was $5,000 and ending was $2,000. How much was moved from work in process to finished goods in May? Question 20 3 pts Below is the direct materials budget for Akemi Company Akemi Company purchases 70% of its direct materials on account and 30% are purchased with cash. Akemi company expects to pay cash for the accounts payables in the following time periods: - 20% in the month of the purchase - 80% in the month after the purchase How much is the company's total CASH DISBURSEMENTS related to direct materials for March
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