Compute the amount of raw materials used during November if $32,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 30 Raw materials $ 7,800 $ 6,400 $10,400 $ 4,400 $ 7,900 $12,400 Work in process Finished goods Multiple Choice $33,500 $31,900 $29,400 $35,400

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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Compute the amount of raw materials used during November if $32,000 of raw materials were purchased during the month and if the inventories were as follows:
Balance
Balance
Inventories
November 1
November 30
Raw materials
Work in process
Finished goods
$ 7,800
$ 6,400
$10,400
$ 4,400
$ 7,900
$12,400
Multiple Choice
$33,500
$31,900
$29,400
$35,400
Transcribed Image Text:Compute the amount of raw materials used during November if $32,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 30 Raw materials Work in process Finished goods $ 7,800 $ 6,400 $10,400 $ 4,400 $ 7,900 $12,400 Multiple Choice $33,500 $31,900 $29,400 $35,400
During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13.000 of indirect labor costs. The journal entry to record the accrual of these wages
would include a:
Multiple Choice
debit to Work in Process of $73.000.
credit to Work in Process of $86,000.
debit to Work in Process of $86,000.
credit to Work in Process of $73,000.
Transcribed Image Text:During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13.000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: Multiple Choice debit to Work in Process of $73.000. credit to Work in Process of $86,000. debit to Work in Process of $86,000. credit to Work in Process of $73,000.
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