Scooter Co. had no beginning inventories, finished 40,000 units, and sold 36,000 units. There were no ending inventories of materials or work in process. Materials purchased and used were $225,000; direct labor and overhead were $170,000. Ending inventory would be valued at a. $53,000 b. b. $40,300 c. $39,500 d. $28,500
Scooter Co. had no beginning inventories, finished 40,000 units, and sold 36,000 units. There were no ending inventories of materials or work in process. Materials purchased and used were $225,000; direct labor and overhead were $170,000. Ending inventory would be valued at a. $53,000 b. b. $40,300 c. $39,500 d. $28,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Scooter Co. had no beginning inventories, finished 40,000 units, and sold 36,000 units. There were no ending inventories of materials or work in process. Materials purchased and used were $225,000; direct labor and
a. $53,000 b.
b. $40,300
c. $39,500
d. $28,500
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