enter in Excel: Beginning balance: $35,000 Add: Purchases of canvas and oil: $67,000 + $1,100 = $68,100

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enter in Excel: Beginning balance: $35,000 Add: Purchases of canvas and oil: $67,000 + $1,100 = $68,100 Subtract: Material requisitions: $64,000 (canvas) + $200 (oil) = $64,200 Ending balance: $35,000 + $68,100 - $64,200 = $38,900 So, the ending balance in the Raw Materials Inventory is $38,900

Posted Date: May 19, 2024 12:15 AM

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enter in Excel: Beginning balance: $35,000 Add: Purchases of canvas and oil: $67,000 + $1,100 = $68,100

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