Question: Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks Fairfield Company's raw materials inventory
Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks

Fairfield Company's raw materials inventory transactions for the most recent month are summarized here: $ 10,200 111,000 Beginning raw materials Purchases of raw materials Raw materials issued Materials requisition 1445 Materials requisition 1446 Materiala regulation 1447 49,500 For Job 101 35,500 for Job 102 14,000 Used on multiple jobs 1. How much of the raw materials cost would be added to the Work Process Inventory account during the period? 2. How much of the raw materials costs would be added to the Manufacturing Overhead account? 3. Compute the ending balance in the Raw Materials Inventory account. 1. Direct Materials 2. Indirect Materials 3. Ending Balance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
