This topic contains a solution. Click here to go to the answer

Author Question: The following account balances at the beginning of January were selected from the general ledger of ... (Read 21 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
The following account balances at the beginning of January were selected from the general ledger of Sailor Manufacturing Company:

Work in process inventory $0
Raw materials inventory $26,000
Finished goods inventory $46,000

Additional data:
1)  Actual manufacturing overhead for January amounted to $62,000.
2)  Total direct labour cost for January was $57,000.
3)  The predetermined manufacturing overhead rate is based on direct labour cost. The budget for
the year called for $300,000 of direct labour cost and $360,000 of manufacturing overhead costs.
4)  The only job unfinished on January 31 was Job No. 1002, for which total direct labour charges
were $6,300 (800 direct labour hours) and total direct material charges were $12,000.
5)  Cost of direct materials placed in production during January totaled $101,000.
6)  January 31 balance in raw materials inventory was $32,000.
7)  Finished goods inventory balance on January 31 was $34,500.


What is the amount of materials purchased during January at Sailor Manufacturing Company?
◦ $43,000
◦ $107,000
◦ $133,000
◦ $101,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mp14 on Jan 4, 2020

TINA

  • Sr. Member
  • ****
  • Posts: 336
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




mp14

  • Member
  • Posts: 534
Reply 2 on: Jan 4, 2020
Thanks for the timely response, appreciate it


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library