Question
What is the cost of raw materials used in production for a company that provided the following data? Beginning Ending Finished Goods Inventory $30000 $40000
What is the cost of raw materials used in production for a company that provided the following data?
| Beginning | Ending | |
| Finished Goods Inventory | $30000 | $40000 |
| Work-in-Process Inventory | $20,000 | $13000 |
| Raw Materials Inventory | $21127 | $26755 |
| Purchases of Raw Materials | $66659 | |
| Factory Depreciation | $5000 | |
| Other Factory Costs | $10000 | |
| Direct Labour | $27000 | |
| Indirect Labour | $6000 | |
| Selling Expenses | $12000 | |
| Over-or-underapplied Overhead | $0 |
|
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Auditing And Assurance Services
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
1st Edition
0072954442, 9780072954449
