Question
Tatar Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials
Tatar Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:
| Beginning inventories: | ||
| Raw materials | $ | 37,000 |
| Work in process | $ | 15,000 |
| Results of operations: | ||
| Raw materials purchased on account | $ | 480,000 |
| Raw materials (all direct) requisitioned for use in production | $ | 434,000 |
How much is the ending balance in the Raw Materials inventory account?
Multiple Choice
$37,000
$120,000
$83,000
$517,000
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Safety Health And Environmental Auditing A Practical Guide
Authors: Simon Watson Pain
1st Edition
1439829470, 978-1439829479
