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Compute the amount of direct materials used during August if $38,000 of raw materials were purchased during the month and the inventories were as follows. Balance Aug. 1 Balance Aug. 31 Inventories Raw Material $18,000 $16,000 Work-in- 26,000 29,000 Process Finished Goods 38,000 40,000

Compute the amount of direct materials used during August if $38,000 of raw materials were purchased during the month and the inventories were as follows. Balance Aug. 1 Balance Aug. 31 Inventories Raw Material $18,000 $16,000 Work-in- 26,000 29,000 Process Finished Goods 38,000 40,000

Principles of Cost Accounting
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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Compute the amount of direct materials used during August if $38,000 of raw materials were purchased during the month and the inventories were as follows. Balance Aug. 1 Balance Aug. 31 Inventories Raw Material $18,000 $16,000 Work-in- 26,000 29,000 Process Finished Goods 38,000 40,000
Transcribed Image Text:Compute the amount of direct materials used during August if $38,000 of raw materials were purchased during the month and the inventories were as follows. Balance Aug. 1 Balance Aug. 31 Inventories Raw Material $18,000 $16,000 Work-in- 26,000 29,000 Process Finished Goods 38,000 40,000
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