Compute the amount of raw materials used during August if $22,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Raw materials Balance Balance August 1 August 31 $2,900 $4,000 Work in process $12,000 $15,000 Finished goods $19,000 $11,000 a. $28,900 b. $19,000 c. $15,000 d. $20,900

Compute the amount of raw materials used during August if $22,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Raw materials Balance Balance August 1 August 31 $2,900 $4,000 Work in process $12,000 $15,000 Finished goods $19,000 $11,000 a. $28,900 b. $19,000 c. $15,000 d. $20,900

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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Compute the amount of direct materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows. Balance Aug. 1 Balance Aug. 31 Inventories Raw Material $ 5,000 $3,000 Work-in-Process 13,000 16,000 Finished Goods 25,000 27,000 a. $27,000 b. $19,000 c. $16,000 d. $23,000