Dapper Corporation had only one job in process on May 1. The job had been charged with
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Question:
During May, the following activity was recorded:
Raw materials (all direct materials): | |
Beginning balance | $8,500 |
Purchased during the month | $42,000 |
Used in production | $48,500 |
Labor: | |
Direct labor-hours worked during the month | 2,200 |
Direct labor cost incurred | $25,520 |
Actual manufacturing overhead costs incurred | $52,800 |
Inventories: | |
Raw materials, May 30 | ? |
Work in process, May 30 | $32,190 |
The balance in the raw materials inventory account on May 30 was:
$33,500 | ||
$2,000 | ||
$40,000 | ||
$6,500 |
Related Book For
Managerial Accounting for Managers
ISBN: 978-0073527130
2nd edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
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