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The cost of the raw materials used in production during the year (in thousands

The cost of the raw materials used in production during the year (in thousands

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 1E: Inventory Accounts for a Manufacturing Company Fujita Company produces a single product. Costs...
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3 A 5-The following data (in thousands of dollars) have been taken from the accountin Rexman Corporation for the just completed year. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Administrative expenses Direct labor Manufacturing overhead Purchases of raw materials Sales Selling expenses $ 160 280 280 200 480 640 600 800 920 480 3,960 560 The cost of the raw materials used in production during the year (in thousands of $360. B) $600. C) $640. D) $760.
Transcribed Image Text:3 A 5-The following data (in thousands of dollars) have been taken from the accountin Rexman Corporation for the just completed year. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Administrative expenses Direct labor Manufacturing overhead Purchases of raw materials Sales Selling expenses $ 160 280 280 200 480 640 600 800 920 480 3,960 560 The cost of the raw materials used in production during the year (in thousands of $360. B) $600. C) $640. D) $760.
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