Materials Activity Raw materials purchases $ 532,000 Raw materials Raw materials avallable for use in production $ 502500 O Raw materials Inventory, beginning $145,500 Inventory, ending $175,000 Direct materials used in production $ 502500 Production Activity Direct labor used in production Factory overhead used in production $350,000 $750,000 Work in process Inventory, beginning Total work in Work in process Inventory, ending process $ 1687000 $ 93500 $84,500 Cost of goods manufactured $1,593,500 Sales Activity Finished goods Inventory, begining $ 146750 Cost of goods avalable for sale Finished goods Inventory, ending $ 1,740,250 $139,950 Costot goods sold $ 1600300

Materials Activity Raw materials purchases $ 532,000 Raw materials Raw materials avallable for use in production $ 502500 O Raw materials Inventory, beginning $145,500 Inventory, ending $175,000 Direct materials used in production $ 502500 Production Activity Direct labor used in production Factory overhead used in production $350,000 $750,000 Work in process Inventory, beginning Total work in Work in process Inventory, ending process $ 1687000 $ 93500 $84,500 Cost of goods manufactured $1,593,500 Sales Activity Finished goods Inventory, begining $ 146750 Cost of goods avalable for sale Finished goods Inventory, ending $ 1,740,250 $139,950 Costot goods sold $ 1600300

Name: I am having trouble getting the Raw Materials Available For Use in Pro
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: I am having trouble getting the Raw Materials Available For Use in Production. I thought the formula is Beginning raw material inventory + Raw materials purchases - Ending raw materials inventory Materials ActivityRaw materlalspurchases$ 532,000Raw m

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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How did they get the finished goods, beginning and finished good, ending. How to get that amount?
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