ABD Company has provided the following data for the month of November: Inventories 1-Nov 30-Nov Raw materials 850,000 ? Work in process 700,000 600,000 Finished goods ? 450,000 Additional data: Sales revenue 5,100,000 Direct labor costs 500,000 Manufacturing overhead costs Selling expenses 600,000 700,000 Administrative expenses 800,000 Cost of goods manufactured Raw materials purchases 2,000,000 500,000 a. How much is the ending raw materials inventory?

ABD Company has provided the following data for the month of November: Inventories 1-Nov 30-Nov Raw materials 850,000 ? Work in process 700,000 600,000 Finished goods ? 450,000 Additional data: Sales revenue 5,100,000 Direct labor costs 500,000 Manufacturing overhead costs Selling expenses 600,000 700,000 Administrative expenses 800,000 Cost of goods manufactured Raw materials purchases 2,000,000 500,000 a. How much is the ending raw materials inventory?

Name: ABD Company has provided the following data for the month of November
Uploaded: 2024-03-20T06:32:49.000Z
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Description: ABD Company has provided the following data for the month of November:Inventories1-Nov30-NovRaw materials850,000?Work in process700,000600,000Finished goods?450,000Additional data:Sales revenue5,100,000Direct labor costs500,000Manufacturing overhead

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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