3) Calculate the Cost of Raw Materials Used using the below info: RM Beginning Inventory $ 50,000 RM Purchased $ 75,000 RM Available for Use ? RM Ending Inventory $ 25,000 Cost of Raw Materials Used ? 4) Using the Cost of Materials Used from Problem #3, calculate the Cost of Goods Manufactured: Raw Materials ? Direct Labor $ 75,000 MOH Applied $ 125,000 Cost of Goods Manufactured ?
3) Calculate the Cost of Raw Materials Used using the below info: RM Beginning Inventory $ 50,000 RM Purchased $ 75,000 RM Available for Use ? RM Ending Inventory $ 25,000 Cost of Raw Materials Used ? 4) Using the Cost of Materials Used from Problem #3, calculate the Cost of Goods Manufactured: Raw Materials ? Direct Labor $ 75,000 MOH Applied $ 125,000 Cost of Goods Manufactured ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3) Calculate the Cost of Raw Materials Used using the below info:
RM Beginning Inventory $ 50,000
RM Purchased $ 75,000
RM Available for Use ?
RM Ending Inventory $ 25,000
Cost of Raw Materials Used ?
4) Using the Cost of Materials Used from Problem #3, calculate the Cost of Goods Manufactured:
Raw Materials ?
Direct Labor $ 75,000
MOH Applied $ 125,000
Cost of Goods Manufactured ?
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