Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 3O 2$ 7,000 24 4,000 Raw materials Work in process $4 6,000 7,500 Finished goods $4 10,000 $4 12,000 $29,500 $27,000 $31,500 $33,000 %24

Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 3O 2$ 7,000 24 4,000 Raw materials Work in process $4 6,000 7,500 Finished goods $4 10,000 $4 12,000 $29,500 $27,000 $31,500 $33,000 %24

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...

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