Rockman Company's inventory transactions are given below: Particulars Amount Details Beginning Raw Material Purchase of raw materials Raw Material Issued 155,500 276,000 Material Requisition 1281 152,400 165,100 76,500 For Job 1001 Material Requisition 1282 Material Requisition 1283 For Job 1002 For Multiple Jobs What would be the ending balance of Raw Materials Inventory account.? a. Ending Balance of Raw Material Inventory Account is $37,500 b. Ending Balance of Raw Material Inventory Account is $73,500 c. Ending Balance of Raw Material Inventory Account is $76,500 d. Ending Balance of Raw Material Inventory Account is $113,500
Rockman Company's inventory transactions are given below: Particulars Amount Details Beginning Raw Material Purchase of raw materials Raw Material Issued 155,500 276,000 Material Requisition 1281 152,400 165,100 76,500 For Job 1001 Material Requisition 1282 Material Requisition 1283 For Job 1002 For Multiple Jobs What would be the ending balance of Raw Materials Inventory account.? a. Ending Balance of Raw Material Inventory Account is $37,500 b. Ending Balance of Raw Material Inventory Account is $73,500 c. Ending Balance of Raw Material Inventory Account is $76,500 d. Ending Balance of Raw Material Inventory Account is $113,500
Chapter10: Inventory
Section: Chapter Questions
Problem 5EA: Akira Company had the following transactions for the month. Calculate the ending inventory dollar...
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![Rockman Company's inventory transactions are given below:
Particulars
Amount
Details
Beginning Raw Material
Purchase of raw materials
Raw Material Issued
155,500
276,000
Material Requisition 1281
152,400
For Job 1001
Material Requisition 1282
165,100
76,500
For Job 1002
Material Requisition 1283
For Multiple Jobs
What would be the ending balance of Raw Materials Inventory account.?
a. Ending Balance of Raw Material Inventory Account is $37,500
b. Ending Balance of Raw Material Inventory Account is $73,500
c. Ending Balance of Raw Material Inventory Account is $76,500
d. Ending Balance of Raw Material Inventory Account is $113,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab0addf7-9806-493b-9108-016b0439c4ed%2Fb81b6ee8-eb80-4102-99a3-9a67d5dde408%2Flnnjo1k_processed.png&w=3840&q=75)
Transcribed Image Text:Rockman Company's inventory transactions are given below:
Particulars
Amount
Details
Beginning Raw Material
Purchase of raw materials
Raw Material Issued
155,500
276,000
Material Requisition 1281
152,400
For Job 1001
Material Requisition 1282
165,100
76,500
For Job 1002
Material Requisition 1283
For Multiple Jobs
What would be the ending balance of Raw Materials Inventory account.?
a. Ending Balance of Raw Material Inventory Account is $37,500
b. Ending Balance of Raw Material Inventory Account is $73,500
c. Ending Balance of Raw Material Inventory Account is $76,500
d. Ending Balance of Raw Material Inventory Account is $113,500
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