3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in its raw materials of $37,000 and an ending inventory of $29,000. Raw materials purchases during the month totalled $57,000. The raw materials used in April were a) $63,000 b) $57,000 c) $65,000
3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in its raw materials of $37,000 and an ending inventory of $29,000. Raw materials purchases during the month totalled $57,000. The raw materials used in April were a) $63,000 b) $57,000 c) $65,000
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...
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![3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in
its raw materials of $37,000 and an ending inventory of $29,000. Raw materials
purchases during the month totalled $57,000. The raw materials used in April
were
a) $63,000
b) $57,000
c) S65,000
d) $55,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F64e9e2e7-ea5d-4f09-96c5-0611709fae6f%2F05b9d00c-6176-42f5-a851-8b8ca4894cfe%2Fb320ezb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in
its raw materials of $37,000 and an ending inventory of $29,000. Raw materials
purchases during the month totalled $57,000. The raw materials used in April
were
a) $63,000
b) $57,000
c) S65,000
d) $55,000
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