Alpine Industries manufactures ski equipment. During the year, Alpine purchased $1,850,000 of direct materials and placed $1,650,000 worth of direct materials into production. Alpine's beginning balance in the Materials Inventory account was $320,000. What is the ending balance in Alpine's Materials Inventory account?

Alpine Industries manufactures ski equipment. During the year, Alpine purchased $1,850,000 of direct materials and placed $1,650,000 worth of direct materials into production. Alpine's beginning balance in the Materials Inventory account was $320,000. What is the ending balance in Alpine's Materials Inventory account?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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What is the ending balance?
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