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Young recently took over as the controller of Ritter Brothers Manufacturing Last month, the previous...

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Accounting

Young recently took over as the controller of Ritter Brothers Manufacturing Last month, the previous controller left the company report first-quarter numbersFor the previous month (March 2020) Bob was able to piece together the following information the to view the information for March 2020.) Read the requirements Data table 20and finally solve for Direct materials purchased 160,000 Work-in-process inventory, March 1,202035,000 Direct materials inventory March 1,202012,000 Finished goods inventory March 1,2020160,000 Conversion costs 330,000 Total manufacturing costs added during the 410.0001 Cost of goods manufactured 4 times direct materials used Gross margin as a percentage of revenues 10% Revenues 500,000
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