Henderson Manufacturing had a beginning raw materials inventory of $34,000. During the period, the company purchased $123,000 of raw materials on account. If the ending balance in raw materials was $22,500, what amount of raw materials was transferred to work in process inventory?

Henderson Manufacturing had a beginning raw materials inventory of $34,000. During the period, the company purchased $123,000 of raw materials on account. If the ending balance in raw materials was $22,500, what amount of raw materials was transferred to work in process inventory?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...

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I am trying to find the accurate solution to this general accounting problem with appropriate explanations.

Henderson Manufacturing had a beginning raw materials inventory
of $34,000. During the period, the company purchased $123,000 of
raw materials on account. If the ending balance in raw materials was
$22,500, what amount of raw materials was transferred to work in
process inventory?

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