Inventories: August 1 August 31 Raw materials: $15,000 ? Work in process: $11,000 $10,000 Finished goods: ?

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Inventories: August 1 August 31

Raw materials: $15,000 ?

Work in process: $11,000 $10,000

Finished goods: ? $7.000

Additional Data:

Direct labor costs $8,000

Manufacturing overhead costs $10,000

Cost of goods manufactured $26,000

Advertising and selling costs $7.000

Raw materials purchases $9,000

What was the ending. raw materials inventory on August 31?

A) $17,000

B) $13,000

C) $31,000

D) $24,000

Related Book For answer-question

Managerial Accounting

ISBN: 978-1259307416

16th edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

See More Books

Posted Date: Feb 15, 2024 11:51 PM

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Inventories: August 1 August 31 Raw materials: $15,000 ? Work in process: $11,000 $10,000 Finished goods: ?

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Managerial Accounting

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