Questions 12 and 13 pertain to Under/Cover. UnderCover manufactures umbrellas and has the following account...
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Questions 12 and 13 pertain to Under/Cover. UnderCover manufactures umbrellas and has the following account information for April: Raw Materials Inventory: Beginning of Year$ 5,000 Raw Materials Inventory: End of Year$ 2,000 Raw Materials Purchased During Year$ 20,000 Direct Labor Costs:$ 40,000 Manufacturing Overhead (Total)$ 20,000 Work in Process: Beginning of Year$ 0 Work in Process: End of Year$ 2,000 How much raw material went into the production process in April? 1) $3000 2) $20,000 3) $23,000 4) $25,000
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