The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The...
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Accounting
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.
| Direct Materials Inventory | |||
| Beg. Bal. | 9,800 | ? | Transferred Out |
| Purchases | ? | ||
| End. Bal. | 8,200 | ||
| Cost of Goods Sold | |||
| 75,000 | |||
| Work-in-Process Inventory | |||
| Beg. Bal. | 9,300 | ? | Transferred Out |
| Materials | 21,600 | ||
| Labor | 15,300 | ||
| Overhead | 9,800 | ||
| End. Bal. | ? | ||
| Finished Goods Inventory | |||
| Beg. Bal. | ? | ? | Transferred Out |
| Transferred in | 41,300 | ||
| End. Bal. | 6,000 | ||
What is the amount of the materials purchased?
Multiple Choice
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$18,000.
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$20,000.
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$21,600.
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$23,200.
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