Taylor Bashir Limited uses a range of raw materials in its production of metal fling cabinets, including a bought in metal handle component. Because of a shortage of the grade of metal used in the component, prices have tended to nise rapidly During September 20X5 the following deliveries into inventory and transfers to production of metal handles take place: 1 September Balance of inventory @£2.70 per unit 130 6 September Transfer to production 60 7 September Delivery of inventory @ £2.90 per unit 40 18 September Transfer to production 30 26 September Delivery of inventory @£2.96 per unit 85 What is the value of the transfers to production of metal handles in September (to the nearest penny)? O 258.30 O L47341 O E367.60 O 245 19
Taylor Bashir Limited uses a range of raw materials in its production of metal fling cabinets, including a bought in metal handle component. Because of a shortage of the grade of metal used in the component, prices have tended to nise rapidly During September 20X5 the following deliveries into inventory and transfers to production of metal handles take place: 1 September Balance of inventory @£2.70 per unit 130 6 September Transfer to production 60 7 September Delivery of inventory @ £2.90 per unit 40 18 September Transfer to production 30 26 September Delivery of inventory @£2.96 per unit 85 What is the value of the transfers to production of metal handles in September (to the nearest penny)? O 258.30 O L47341 O E367.60 O 245 19
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 19P
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