This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Basil Industries reported the following information for December:Beginning balance, Raw Materials ... (Read 73 times)

sreghbsidhgjbndskijgnio

  • Full Member
  • ***
  • Posts: 155
on: Feb 5, 2023
Basil Industries reported the following information for December:

Beginning balance, Raw Materials Inventory$   187,500
Beginning balance, Work in Process Inventory300,000
Beginning balance, Finished Goods Inventory106,250
Manufacturing overhead applied525,000
Purchases of raw materials337,500
Factory electricity 62,500
Direct labor payroll200,000
Depreciation on factory equipment218,750
Insurance on factory building 50,000
Indirect materials used in production43,750
Total raw materials used in production 406,250
Indirect labor payroll150,000
Cost of goods manufactured1,250,000
Cost of Goods Sold1,312,500
What was the cost of the direct materials used by Basil in production during December?
◦ $381,250
◦ $406,250
◦ $362,500
◦ $450,000
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sreghbsidhgjbndskijgnio on Feb 5, 2023

kugyo01

  • Full Member
  • ***
  • Posts: 156
Reply #1 on: Feb 5, 2023
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 32% of students answer this correctly


sreghbsidhgjbndskijgnio

  • Member
  • Posts: 155
Reply 2 on: Feb 5, 2023
:D TYSM

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Mechanisms that convey positional information during embryonic development. Mechanisms that convey positional information during embryonic development.
The driver information display on a Chevrolet Impala with a 5.3 liter V-8 equipped with active fuel ... The driver information display on a Chevrolet Impala with a 5.3 liter V-8 equipped with active fuel ...
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
The Concept of Water Balance The Concept of Water Balance
Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine
Normal physiologic mechanisms of the body that restore homeostasis to the balance of serum calcium Normal physiologic mechanisms of the body that restore homeostasis to the balance of serum calcium
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library