Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information applies to job 730 compl

The following information applies to Job 730 completed by Riverton Manufacturing Company during October 2017....

60.1K

Verified Solution

Question

Accounting

The following information applies to Job 730 completed by Riverton Manufacturing Company during October 2017. The amount of labor cost for the job was $162,000. Applied overhead amounted to $230,000. The project was completed and delivered to Hudson Company at a contract price of $654,000. Riverton recognized a gross profit of $120,000 on the job.

Required

Determine the amount of raw materials used to complete Job 730.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

A rectangular area adjacent to a river is to be fenced in, but no fencing is...

General Management
1.2K views

Why is employee engagement important for organisations? Provide examples how this can be achieved

Finance
1.2K views

What is capital structure and how important it is? write 8 sentences explaining it with detail thanks.

Physics
1.2K views

A capacitor of 1 F is charged and then connected across an ideal inductor of...

Geometry
1.2K views

John is playing a game of darts. The probability that he throws a dart into...

Statistics
1.2K views

The Turners have purchased a house for 130 000 They made an initial down payment...

Statistics
1.2K views

4 What is the value of F2 15 0 025 Round your answer to the...

Accounting
1.2K views

The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and...

Accounting
1.2K views

Research and development costs not included above were: Required: What was Ball's total research and...

Accounting
1.2K views

32. Treasury bills are traded in the A. O money market B. O capital market...

Accounting
1.2K views

To record bad debt expense Beijing uses the percentage-of-receivables basis. It estimates that 2% of...

Finance
1.2K views

A proposed cost-saving device has an installed cost of $740,000. The device will be used...