need this accounting subject solution Halcyon Manufacturing reported the following for theyear:•••Beginning raw materials inventory: $68,000Raw materials purchased: $52,000Ending raw materials inventory: $45,000What is the cost of raw materials used during the year?a) $65,000b) $75,000c) $60,000d) $50,000

Step 1: Definition of Cost of Raw Materials UsedThe Cost of Raw Materials Used represents the total…

Answered: Halcyon Manufacturing reported the…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...

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Halcyon Manufacturing reported the following for the year: • • • Beginning raw materials inventory: $68,000 Raw materials purchased: $52,000 Ending raw materials inventory: $45,000 What is the cost of raw materials used during the year? a) $65,000 b) $75,000 c) $60,000 d) $50,000