Inventories: August 1 August 31 Raw materials: $15,000 ? Work in process: $11,000 $10,000 Finished goods: ?
Fantastic news! We've Found the answer you've been seeking!
Question:
Inventories: August 1 August 31
Raw materials: $15,000 ?
Work in process: $11,000 $10,000
Finished goods: ? $7.000
Additional Data:
Direct labor costs $8,000
Manufacturing overhead costs $10,000
Cost of goods manufactured $26,000
Advertising and selling costs $7.000
Raw materials purchases $9,000
What was the ending. raw materials inventory on August 31?
A) $17,000
B) $13,000
C) $31,000
D) $24,000
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date: