Question
Use the data of LH Company that follows: Raw Materials Inventory Beginning 45 Purchased 250 ? Used Ending 65 Work in process Inventory Beginning 40
Use the data of LH Company that follows:
| Raw Materials Inventory | |||
| Beginning | 45 |
|
|
| Purchased | 250 | ? | Used |
| Ending | 65 |
|
|
| Work in process Inventory | |||
| Beginning | 40 |
|
|
| Direct Materials | ? | 540 | COGM |
| Direct Labor | 300 |
|
|
| Overhead | 120 |
|
|
| Ending | 60 |
|
|
Using the following T-accounts, determine the amount of direct materials used
| a. | $90
| |
| b. | $200
| |
| c. | $130
| |
| d. | $140
|
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Financial Accounting Preparing Financial Statements Study Text
Authors: Kaplan
1st Edition
9781839965685
