Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the following information, compute the direc

Using the following information, compute the direct materials used. Raw materials inventory, January 1 $...

80.2K

Verified Solution

Question

Accounting

image

Using the following information, compute the direct materials used. Raw materials inventory, January 1 $ 15000 35000 Raw materials inventory December 31 Work in process, January 1 Work in process, December 31 18000 12000 Finished goods, January 1 40000 Finished goods, December 31 32000 Raw materials purchases 1700000 Direct labor 760000 Factory utilities 150000 Indirect labor 50000 Factory depreciation 400000 Operating expenses 420000 O $ 1700000 $ 1715000 $ 1680000 $ 1750000

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

Algebra
1.2K views

If y varies inversely as x, find the constant of variation k and the inverse...

Finance
1.2K views

Discuss the importance and process of financial forecasting. Provide examples of both revenue and expense forecasting...

Medical Sciences
1.2K views

3) Say an individual has a respiratory disease that causes less CO2 to be exhaled with...

Accounting
1.2K views

The following balance sheet information is provided for Mash co. for 2018 : Assets 64,000 Liabilities & Equity Accounts Payable 3,840 Salaries...

Biology
1.2K views

Which is NOT a main crop that has been genetically modified A corn B wheat...

Biology
1.2K views

Undernutrition and overnutrition both are examples of malnutrition O True O False

Physics
1.2K views

A body of mass M is kept on a rough horizontal surface friction coefficient A...

Basic Math
1.2K views

A commuter train carries 2000 passengers daily from a suburb into a large city The...

Accounting
1.2K views

Utilizing case data from figure 9 answer the following questions. if the CPK Debt /...

Accounting
1.2K views

Enter formulas in the cells that contain question marks.

Accounting
1.2K views

Which of the following is a disadvantage of having cultural competency in your own culture?...

Accounting
1.2K views

As of the end of June, the job cost sheets at Racing Wheels, Inc., show...