Maraman Company's accounting records reflect the following inventories:
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- Maraman Company's accounting records reflect the following inventories:
- Jan. 1.2021 Dec. 31, 2021
- Raw materials inventory $341,417 $150,285
- Work in process inventory 261,658 275,783
- Finished goods inventory 250,025 290,351
- During 2021, $785,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000.
- The total raw materials used for production during 2021 was
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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