Fostoria Corporation began the current period with S21,975 of raw materials, purchased $97,950 of raw materials during the period, and ended the period with S30,205 of raw materials. Indirect materials used and indirect labor totaled $16,950 and S25,320, respectively. The total amount of raw materials put into production during the current period was: a. $97,950 b. S89,720 c. $106,670 d. 119,925

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Fostoria Corporation began the current period with $21,975 of raw materials, purchased $97,950 of raw
materials during the period, and ended the period with $30,205 of raw materials. Indirect materials used
and indirect labor totaled $16,950 and $25,320, respectively.
The total amount of raw materials put into production during the current period was:
a. $97,950
b. $89,720
c. S106,670
d. 119,925
Transcribed Image Text:Fostoria Corporation began the current period with $21,975 of raw materials, purchased $97,950 of raw materials during the period, and ended the period with $30,205 of raw materials. Indirect materials used and indirect labor totaled $16,950 and $25,320, respectively. The total amount of raw materials put into production during the current period was: a. $97,950 b. $89,720 c. S106,670 d. 119,925
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