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QUESTION 9 Consider the following account balances (in thousands) for Ralston Company: Ralston Company Beginning of 2017 24,000 25,000 17,000 Direct materials inventory Work-in-process inventory
QUESTION 9 Consider the following account balances (in thousands) for Ralston Company: Ralston Company Beginning of 2017 24,000 25,000 17,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant rent Depreciationplant, building, and equipment Marketing, and distribution costs General and administrative costs End of 2017 25,000 30,000 21,000 72,000 21,000 18,000 80,000 90,000 85,000 23,000 Revenues in 2017 were $400 millions. Compute cost of materials used cost of goods manufactured cost of goods sold and operating profit Please write the information in millions. For example, for $ 1 million, write your answer as $1
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