Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 3O 2$ 7,000 24 4,000 Raw materials Work in process $4 6,000 7,500 Finished goods $4 10,000 $4 12,000 $29,500 $27,000 $31,500 $33,000 %24

Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 3O 2$ 7,000 24 4,000 Raw materials Work in process $4 6,000 7,500 Finished goods $4 10,000 $4 12,000 $29,500 $27,000 $31,500 $33,000 %24

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...

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