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Old MathJax webview *Thank you to those who help me answer this problematic question* Numbers given from the chart. Raw Materials Inventories Raw materials, beginning
Old MathJax webview
*Thank you to those who help me answer this problematic question*
Numbers given from the chart.
Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending So 525.000 $50,000 $75,000 $100,000 $125,000 S150,00 175.000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50.000 Prey CE 2 B of 8 Next $O $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense - Factory $30,000 33.000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 SO Beginning Ending Beginning Ending $10,000 $0 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net Cash $150,000 $350,000 $180,000 Direct labor Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses SO $200,000 $400,000 $600,000 $800,000 $1,000,000 Required 1 Required 2 Compute the total prime costs. Direct materials Beginning en materials inventory Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used 0 0 Total prime costs $ 0 Required 1 Required 2 Compute the total conversion costs. Direct labor Factory overhead Rent expense - Factory Factory utilities Repairs expense - Factory Indirect labor Factory supplies used (indirect materials) 0 Total factory overhead Total conversion costs $ 0 Rent Expense Factory 45,000 Repairs Expense Factory 11.500 Factory Utilities 9,500 Factory supplies used 14,000 Indirect labor 38,000 Raw Materials Beginning: 60,000 Raw Materials purchases: 140,000 Paw Materials Used: solve for this value Raw materials ending: 64,000Step by Step Solution
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