Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information has been taken from the

The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company...

90.2K

Verified Solution

Question

Accounting

The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30:
Purchases of direct materials $ 75,000
Direct materials used $ 52,400
Direct labor costs assigned to production $ 41,000
Manufacturing overhead costs incurred and applied $ 48,000
Balances: September 30 September 1
Materials Inventory $ ? $ 49,000
Work in Process Inventory $ 38,000 $ 46,500
Finished Goods Inventory $ 42,000 $ 73,000
The total amount of inventory to be included in Imperial 's September 30th balance sheet amounts to:
Multiple Choice
$204,000.
$80,000.
$151,600.
Some other amount.

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

Calculus
1.2K views

Solve using elementary row operations:x - y - 3z = -14x + y + z...

Finance
1.2K views

National Rentals has $59,000 shares of common stock outstanding at a market price of $36.00 a...

Basic Math
1.2K views

________a number that is used to represent a population characteristic and that generally cannot be determined...

Biology
1.2K views

3 Another great resource is Google Scholar not just Google The easiest way to use...

Algebra
1.2K views

Question 19 Step 4 of 4 Find a 2 Ay f Enable Zoom Pan

Algebra
1.2K views

Factor each 8x 64 polynomial or identify it as irreducible

Accounting
1.2K views

Commerce in the physical world is called marketplace, while commerce in the information world is...

Accounting
1.2K views

22-25 Oa August I, a comapany signed a nine nsonth...

Accounting
1.2K views

8. What system would a manufacturer of unique special orders or batch processes most likely...

Accounting
1.2K views

please help 7!! On Janusry 1, 2021, you deposited $6,500 in a savings...

Accounting
1.2K views

Describe and explain positive actions and negative actions related to corporate social responsibility (CSR) of...

Accounting
1.2K views

PLEASE HELP! WILL RATE!!!! Please draw conclusions regarding the company from the balance sheet...