In October of the same year, Mannequin Fabrics, which started 35,000 units, had initial material inventories of $62,100 and had a final materials inventory of 6,900 units. Now, the initial inventory of products-in-process had 12,300 units, valued at $251,000 contains materials valued at $123,000, labor of S96,000 and $32,000 overhead cost right. The final inventory of finished products is valued at $84,000. The final inventory of work-in-progress and initial finished goods inventories are zero. There were no changes in costs of resources used in production What would be the final balance of material inventories? XWhat would be the final balance of inventories of products-in-process corresponding to October? A What would be the balance of purchases made in October? What would be the cost of the finished items in October? How many units were sold in October?

In October of the same year, Mannequin Fabrics, which started 35,000 units, had initial material inventories of $62,100 and had a final materials inventory of 6,900 units. Now, the initial inventory of products-in-process had 12,300 units, valued at $251,000 contains materials valued at $123,000, labor of S96,000 and $32,000 overhead cost right. The final inventory of finished products is valued at $84,000. The final inventory of work-in-progress and initial finished goods inventories are zero. There were no changes in costs of resources used in production What would be the final balance of material inventories? XWhat would be the final balance of inventories of products-in-process corresponding to October? A What would be the balance of purchases made in October? What would be the cost of the finished items in October? How many units were sold in October?

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Description: In October of the same year, Mannequin Fabrics, which started 35,000 units, had initial material inventories of $62,100 and had a final materials inventoryof 6,900 units.Now, the initial inventory of products-in-process had 12,300 units, valued at $

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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