Question: Hammen Manufacturing has beginning raw materials inventory $12,000, ending raw materials inventory $15,000, and raw materials purchases $170,000. What is the cost of direct materials

Hammen Manufacturing has beginning raw materials inventory $12,000, ending raw materials inventory $15,000, and raw materials purchases $170,000. What is the cost of direct materials used?

Step by Step Solution

★★★★★

3.45 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Raw materials inventory beginning 1200... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

54-B-M-A-C (198).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Ohmie Manufacturing has beginning raw materials inventory $12,000, ending raw materials inventory $15,000, and raw materials purchases $170,000.What is the cost of direct materials used?

Sealy Manufacturing has beginning raw materials inventory $12,000, ending raw materials inventory $15,000, and raw materials purchases $170,000. What is the cost of direct materials used?

What is the cost of goods manufactured?

15.7 Harn Manufacturing has beginning raw materials inventory $32 000, ending raw materials inventory $29 000, and raw materials purchases $200 000. What is the cost of direct materials used?

Gruber Manufacturing has a beginning raw materials inventory of $12,000, ending raw materials inventory of $15,000, and raw materials purchases of $180,000. What is the cost of direct materials used?

24 The Work in Process Inventory account of a manufacturing company has a $10,308 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process...

Primare Corporation has provided the following data concerning last months manufacturing operations. ^^^what goes in the first row above direct materials? what is the 55,600 called? options are...

11) In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the "Total ravw materials available" is computed by adding together the "Beginning raw materials inventory" an A) Ending raw...

When you are finishe Choose: This status will show Beginning Raw Materials + Raw Material Purchases - Ending Raw Materials equals: a. Cost of Goods Sold b. Work in Process c. Direct Materials d. Cost...

Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory...

A corporation is considering a securitization and is considering two possible credit enhancement structures backed by a pool of automobile loans. Total principal value underlying the asset-backed...

J. M. Smucker Company has many brands including Smuckers, Jif, Pillsbury, Hungry Jack, and Crisco. In fiscal 2011, the company reported interest expense of $69,594,000 on its income statement....

A proxy server is often used to: Increase efficiency Deflect DOS attacks Block unauthorized users Decrease the cost of an enterprise system Enforce PKI security

Westan Corporation uses a predetermined overhead rate of $23.10 per direct labor-hour. This predetermined rate was based on 12,000 estimated direct labor-hours and $277,200 of estimated total...

Tech Solvers produces 8-foot USB cables. During the past year, the company purchased 500,000 feet of plastic coated wire at a price of $0.25 per foot. The direct materials standard for the cables...

Washington WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,000 pounds of plastic to use in its dive masks, at a cost of $6,800. The standard price for the plastic...

Pineapple Motor Company manufactures two types of specialty electric motors, a commercial motor and a residential motor, through two production departments, Assembly and Testing. Presently, the...

Day Company, which uses the FIFO inventory method, had 254,000 units in inventory at the beginning of the year at a FIFO cost per unit of $30. No purchases were made during the year. Quarterly sales...

Suppose the reaction A 2 + B 2 2 AB proceeds via a one-step mechanism involving a collision between one A 2 molecule and one B 2 molecule. Suppose also that this reaction is reversible, and that the...

Explain why the non-controlling interest is calculated at the end of the reporting period, while goodwill is calculated at the date of acquisition.

Explain why it is only the net assets of the subsidiary that are adjusted to fair value at the date of acquisition for the purpose of consolidated accounts, and not those of the parent.

Explain how negative goodwill may arise and how it should be accounted for.

please write bet keyboard or clear handwrittin 1) (30 p.) Acme Molding is examining five alternatives for a piece of material handling equipment. Each has an expected life of 8 years with no salvage...

Three possible outcomes emanate from each gate. They are Multiple Choice O O O O reduce scope, kill, increase scope continue, kill, enhance allocate resources, reduce resources, cancel proceed,...

for question with dropdowns 1. 82000/92400/50400/33600 2.120960/201600/84000/80640 3. posion pill/ a proxy/ a takeover/ dilution 4. proxy/ preemptive right 5.75600/100800/101800/151200 1. Rights and...