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 41 times)

fungirl

  • Full Member
  • ***
  • Posts: 162
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 ending balance in Basil's Raw Materials Inventory account at December 31?
◦ $75,000
◦ $206,250
◦ $162,500
◦ $118,750
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 fungirl on Feb 5, 2023

gyvette

  • Full Member
  • ***
  • Posts: 196
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


fungirl

  • Member
  • Posts: 162
Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Mechanisms that convey positional information during embryonic development. Mechanisms that convey positional information during embryonic development.
Rocks are the most common geosphere materials, and can be fun, dangerous, beauti Rocks are the most common geosphere materials, and can be fun, dangerous, beauti
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Productivity in Selected Industries in the Early 1990s Productivity in Selected Industries in the Early 1990s
Acid–Base Balance Acid–Base Balance
Renal regulation of sodium and potassium balance Renal regulation of sodium and potassium balance
Video: Genetic distance between human groups

For a complete list of videos, visit our video library