Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ryker Manufacturing, inc. provides the following intormauon for the year Purchases-Direct Materials Plant Utilities and Insurance Indirect Materials Used Indirect Labor Direct Materials Used In

image text in transcribed
Ryker Manufacturing, inc. provides the following intormauon for the year Purchases-Direct Materials Plant Utilities and Insurance Indirect Materials Used Indirect Labor Direct Materials Used In Production Direct Labor Depreciation on Factory Plant and Equipment Cost of Goods Manufactured Cost of Goods Sold $91,000 66,000 11,240 4,830 98.000 118,500 8,000 292.000 290.000 The inventory account balances as of January 1 are given below Direct Materials $45.000 Work-in-Progress Inventory 11,000 Finished Goods Inventory 304,570 What is the ending balance in the Finished Goods Inventory? O A $596,570 OB. $306,570 OC. $302.570 OD. $304,570

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

Students also viewed these Accounting questions

Question

When preparing a cash flow statement, what is the target number?

Answered: 1 week ago

Question

Review the findings of humanistic psychotherapy outcome research.

Answered: 1 week ago