The following T-accounts provide selected data about Ivanhoe's financial results for the year. Sadly, several key components went missing after a thief broke into the Ivanhoe accounting office: Beg. Bal. End. Bal. Beg. Bal. DM DL Applied MOH End. Bal. Beg. Bal. End. Bal. (Total debits during the year) (a) RM Inventory 25,500 76,500 Indirect material cost $ 19,500 WIP Inventory 54.000 73,500 91.500 115,500 FG Inventory 91,500 73,600 * Your answer is incorrect. MOH Control 112,500 What is the amount of indirect material cost incurred this period? 112500 ? ? 283,500 ?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following T-accounts provide selected data about Ivanhoe's financial results for the year. Sadly, several key components went
missing after a thief broke into the Ivanhoe accounting office:
Beg. Bal.
End. Bal.
Beg. Bal.
DM
DL
Applied MOH
End. Bal.
Beg. Bal.
End. Bal.
(Total debits during the year)
(a)
RM Inventory
25,500
76,500
Indirect material cost $
19,500
WIP Inventory
54.000
73,500
91.500
115,500
FG Inventory
91,500
73,600
* Your answer is incorrect.
MOH Control
112,500
What is the amount of indirect material cost incurred this period?
112500
?
?
283,500
?
Transcribed Image Text:The following T-accounts provide selected data about Ivanhoe's financial results for the year. Sadly, several key components went missing after a thief broke into the Ivanhoe accounting office: Beg. Bal. End. Bal. Beg. Bal. DM DL Applied MOH End. Bal. Beg. Bal. End. Bal. (Total debits during the year) (a) RM Inventory 25,500 76,500 Indirect material cost $ 19,500 WIP Inventory 54.000 73,500 91.500 115,500 FG Inventory 91,500 73,600 * Your answer is incorrect. MOH Control 112,500 What is the amount of indirect material cost incurred this period? 112500 ? ? 283,500 ?
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