On December 1, 2022 an auto manufacturer had the following data related to raw materials -Tires
-The beginning raw material inventory-tires was 1,000 tires
-It purchased an additional 14,000 tires at a cost of $10 (ten) dollars per tire.
-It withdrew 10,000 tires from the raw materials' storeroom during the month of December 2022 and transferred them to the car production line.

How much is the Raw Materials Account -Tire Cost Ending balance at December 31, 2022

Answer rating: 100% (QA)

Calculating the Raw Materials Account Tire Cost Ending Balance Heres how to calculate the ending bal... View the full answer