Question
The manufacturing operations of Barton, Inc. had the following inventory balances for the month of March, 2017: Inventories 3/1/17 3/31/17Raw Materials 10,000 12,000 Work in
The manufacturing operations of Barton, Inc. had the following inventory balances for the month of March, 2017: Inventories 3/1/17 3/31/17Raw Materials 10,000 12,000 Work in process 6,000 7,000 Finished goods 30,000 22,000 5.If Barton purchased $18,000 of raw materials during March, the cost of raw materials used in production would be: A.16,000 B.20,000 C.41,000 D.19,000 6. If Barton transferred $38,000 of completed goods from work in process to finished goods during March, what was the amount of the cost of goods sold? A.38,000 B.43,000 C.30,000 D.46,000
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