Question: Given the following data: Beginning raw materials inventory $ 3 0 , 0 0 0 Materials purchased 6 5 , 0 0 0 Ending raw

Given the following data:
Beginning raw materials inventory
$30,000
Materials purchased
65,000
Ending raw materials inventory
40,000
What is the amount of raw materials used?
a. $30,000
b. $5,000
c. $55,000
d. $75,000
Given the following data: Beginning raw materials inventory $30,000 Materials purchased

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

23. A product cost is expensed in the period in which it is manufactured shown with current liabilities on the balance sheet shown with operating expenses on the income statement d expensed in the...

Q:

23. A product cost is a. expensed in the period in which it is manufactured b. shown with current liabilities on the balance sheet c. shown with operating expenses on the income statement d. expensed...

Q:

please help me with the last two questions The Putney Company reports the following information: Sales $76,500 7,300 Cost of direct materials used in production Depreciation on factory equipment...

Q:

How Busi APA Style x ID Top 10 Be x C Negative * BV Use socia x Which So w.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogres Calculator Given the...

Q:

Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used? O $5,000 O $55,000 O...

Q:

1 The Zoe Corporation has the following information for the month March. Determine the (a) cost of goods manufactured, and (b) cost of goods sold. Cost of materials placed in production $69,000...

Q:

Aspen Company had the following department information for the month: $ Total materials costs 80,000 Equivalent units of materials 10,000 Total conversion costs $90,000 Harris Manufacturing is trying...

Q:

1. The Zoe Corporation has the following information for the month March. Determine the (a) cost of goods manufactured, and (b) cost of goods sold. Cost of materials placed in production $69,000...

Q:

Magnus Industries has the following data: Beginning raw materials inventory Materials purchased Ending raw materials inventory Determine the cost of raw materials used. $75,000 40,000 60,000 Magnus...

Q:

Problem 3 . alculate the costs using the source data: Beginning raw materials inventory - $7 000 Purchases of materials - $100 000 Ending raw materials inventory - $5 000 Direct labor - $38 000...

Q:

Use Table 4 in Appendix I to bound the following p-values: a. P(t > 1.2) with 5 df b. P(t > 2) + P(t 0.6) with 12 df

Q:

(a) What is the restriction of range problem? (b) What produces a restricted range? (c) How is it avoided?

Q:

1 Explain how packet switching could be used to download some software from a website.

Q:

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Q:

3 What specific practices, such as autonomous and cross-functional teams, and principles, such as empowerment, are best suited to which cultural contexts? How are these practices (with their...

Q:

2 DECs experience with implementing cross-border project groups suggests conflicts with the concerns of local operations. How could this conflict best be resolved?

Q:

3 How successful would BPs principles and practices of the learning organization be in your country?