If the required direct materials purchases are 31500 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what is the desired ending direct materials inventory in pounds? 31500 15750 78750 47250

If the required direct materials purchases are 31500 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what is the desired ending direct materials inventory in pounds? 31500 15750 78750 47250

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Description: If the required direct materials purchases are 31500 pounds, the direct materials required for production is three times the directmaterials purchases, and the beginning direct materials are three and a half times the direct materials purchases, wha

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.

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If the required direct materials purchases are 31500 pounds, the direct materials required for production is three times the direct
materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what is the desired
ending direct materials inventory in pounds?
31500
15750
078750
047250

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