Meyers Corporation had the following inventory balances at the beginning and end of November: November 1 November 30 Raw Materials 27,000 22,000 Finished Goods 60,000 48,000 Work in Process 8,000 11,000 During November, Rs. 50,000 of direct raw materials were drawn from inventory and used in production. The company's predetermined overhead rate was Rs. 9 per direct labor-hour, and it paid its direct labor workers Rs. 12 per hour. A total of 310 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained Rs. 4, 800 of direct materials cost. The Corporation incurred Rs. 28,400 of actual manufacturing overhead cost during the month and applied Rs. 29,700 in manufacturing overhead cost Calculate the amount of raw materials purchased during November?
Meyers Corporation had the following inventory balances at the beginning and end of November:
|
|
November 1 |
November 30 |
|
Raw Materials |
27,000 |
22,000 |
|
Finished Goods |
60,000 |
48,000 |
|
Work in Process |
8,000 |
11,000 |
During November, Rs. 50,000 of direct raw materials were drawn from inventory and used in production. The company's predetermined overhead rate was Rs. 9 per direct labor-hour, and it paid its direct labor workers Rs. 12 per hour. A total of 310 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained Rs. 4, 800 of direct materials cost. The Corporation incurred Rs. 28,400 of actual manufacturing overhead cost during the month and applied Rs. 29,700 in manufacturing overhead cost
Calculate the amount of raw materials purchased during November?
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