Beginning of Year End End of Year of Year Raw materials inventory .. $ 11,500 $ 13,400 $ 3,700 $ 77,000 $23,000 $25,000 Insurance on plant. Depreciation-plant building and equipment.. Work in process inventory. Finished goods inventory. Purchases of direct materials... $35,000 $31,000 $20,000 $22,000 Repairs and maintenance-plant. $74,000 Marketing expenses.. Direct labor $86,000 General and administrative expenses $ 28,500 Indirect labor $42,000

Beginning of Year End End of Year of Year Raw materials inventory .. $ 11,500 $ 13,400 $ 3,700 $ 77,000 $23,000 $25,000 Insurance on plant. Depreciation-plant building and equipment.. Work in process inventory. Finished goods inventory. Purchases of direct materials... $35,000 $31,000 $20,000 $22,000 Repairs and maintenance-plant. $74,000 Marketing expenses.. Direct labor $86,000 General and administrative expenses $ 28,500 Indirect labor $42,000

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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