Summit Manufacturing has the following data: Beginning raw materials inventory = $95,000 Materials purchased = $65,000 Ending raw materials inventory = $80,000 Calculate the cost of raw materials used.

Summit Manufacturing has the following data: Beginning raw materials inventory = $95,000 Materials purchased = $65,000 Ending raw materials inventory = $80,000 Calculate the cost of raw materials used.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...

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Summit Manufacturing has the following data:
Beginning raw materials inventory = $95,000 Materials purchased
= $65,000 Ending raw materials inventory = $80,000 Calculate the
cost of raw materials used.

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