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
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ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
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Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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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
Transcribed Image Text: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
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