Question
On 1/31/2019, Johnny Company had $21,470 in raw materials on hand in inventory. During the month of February, a total of $74,678 in raw materials
On 1/31/2019, Johnny Company had $21,470 in raw materials on hand in inventory. During the month of February, a total of $74,678 in raw materials was applied to several in-process jobs and to manufacturing overhead as indirect materials. If the ending balance in raw materials inventory as of 2/28/2019 is $11,962, what is the dollar amount of raw materials purchased during the month?
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
