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Author Question: If the beginning balance in the Raw Materials Inventory account for the month was $25,000, the ... (Read 10 times)

Sadjam2

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Question 1

Which of the following is not included in the schedule of cost of goods manufactured?
◦ Direct materials used in production
◦ Direct materials in inventory
◦ Overhead
◦ Direct labor

Question 2

If the beginning balance in the Raw Materials Inventory account for the month was $25,000, the ending balance of $22,000 and material used during the month was $130,000, what is the amount of materials purchased during the month?
◦ $177,000
◦ $127,000
◦ $133,000
◦ $130,000


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Marked as best answer by Sadjam2 on Feb 5, 2023

ad2018

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Sadjam2

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


adammoses97

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Reply 3 on: Yesterday
Excellent

 

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