The following information is from the records of the Silver Company: Net direct materials purchase cost 450,000 Direct materials used 550,000 Materials beginning inventory 250,000 What is the materials ending inventory? a. 150,000 b. 200,000 c. 100,000 d. 350,000

The following information is from the records of the Silver Company: Net direct materials purchase cost 450,000 Direct materials used 550,000 Materials beginning inventory 250,000 What is the materials ending inventory? a. 150,000 b. 200,000 c. 100,000 d. 350,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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Question

The following information is from the records of the Silver Company: Net direct materials purchase cost 450,000 Direct materials used 550,000 Materials beginning inventory 250,000

What is the materials ending inventory?

a. 150,000

b. 200,000

c. 100,000

d. 350,000

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