Question
Ivanhoe Company reported the following amounts for 2022: Raw materials purchased $89,640 Ending Work in Process Inventory $6,804 Beginning Raw Materials Inventory 5,616 Manufacturing overhead
Ivanhoe Company reported the following amounts for 2022:
Raw materials purchased $89,640
Ending Work in Process Inventory $6,804
Beginning Raw Materials Inventory 5,616
Manufacturing overhead costs applied 38,880
Ending Raw Materials Inventory 4,860
Beginning Work in Process Inventory 6,588
Calculate the cost of materials used in production.
Cost of materials used= ??
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
