Raw materials inventory Work in process inventory. Finished goods inventory.. Purchases of direct materials Direct labor.. Indirect labor. Beginning of Year $ $ $ 20,000 $ $ $ $ End of Year 23,000 $25,000 35,000 $ 31,000 22,000 74,000 86,000 42,000 Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Marketing expenses General and administrative expenses End of Year $ 11,500 $ 13,400 $ 3,700 $ 77,000 $ 28,500

Raw materials inventory Work in process inventory. Finished goods inventory.. Purchases of direct materials Direct labor.. Indirect labor. Beginning of Year $ $ $ 20,000 $ $ $ $ End of Year 23,000 $25,000 35,000 $ 31,000 22,000 74,000 86,000 42,000 Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Marketing expenses General and administrative expenses End of Year $ 11,500 $ 13,400 $ 3,700 $ 77,000 $ 28,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11MC: Beginning inventory and direct material cost added during the month total $55,000. What is the value...

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