Assume the following information from a schedule of cost of goods manufactured: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory What is the raw materials used in production? Multiple Choice $47,700 $67,030 $ 7,000 $ 60,000 $ 5,300

Assume the following information from a schedule of cost of goods manufactured: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory What is the raw materials used in production? Multiple Choice $47,700 $67,030 $ 7,000 $ 60,000 $ 5,300

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

Multiple Choice $47,700 $67,030 $81,030
$61,700

Assume the following information from a schedule of cost of goods manufactured:
Beginning raw materials inventory
Purchases of raw materials
Ending raw materials inventory
What is the raw materials used in production?
Multiple Choice
$47,700
$67,030
$ 7,000
$ 60,000
$5,300

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