The data related to Macro build company present the following data for the month of August 2018. Direct labor cost $16,000 (160% of factory overhead) Cost of sales $56,000 Beginning and ending inventory balances of inventory are given below: August 1 $8,000 $8,000 $14,000 August 31 $8,600 $12,000 $18,000 Raw materials Work-in-progress Finished goods Other data: Selling expenses General and administrative expenses S3,400 $2,600 $75,000 Sales for the month Among, the given options, determine the cost of raw material purchased. а. $32,600 b. $36,000 с. $32,000 d. $28,600
The data related to Macro build company present the following data for the month of August 2018. Direct labor cost $16,000 (160% of factory overhead) Cost of sales $56,000 Beginning and ending inventory balances of inventory are given below: August 1 $8,000 $8,000 $14,000 August 31 $8,600 $12,000 $18,000 Raw materials Work-in-progress Finished goods Other data: Selling expenses General and administrative expenses S3,400 $2,600 $75,000 Sales for the month Among, the given options, determine the cost of raw material purchased. а. $32,600 b. $36,000 с. $32,000 d. $28,600
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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