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Author Question: River Falls Manufacturing uses a normal cost system and had the following data available for 2018: ... (Read 228 times)

waynest

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River Falls Manufacturing uses a normal cost system and had the following data available for 2018:

Direct materials purchased on account$159,000
Direct materials requisitioned85,000
Direct labor cost incurred133,000
Factory overhead incurred140,000
Cost of goods completed285,000
Cost of goods sold249,000
Beginning direct materials inventory34,000
Beginning WIP inventory70,000
Beginning finished goods inventory55,000
Overhead application rate, as a percent of direct-labor costs130 percent
The ending balance of direct materials inventory is ________.
◦ $108,000
◦ $193,000
◦ $85,000
◦ $119,000


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Marked as best answer by waynest on Mar 6, 2021

tashiedavis420

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waynest

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Reply 2 on: Mar 6, 2021
Excellent


zacnyjessica

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Reply 3 on: Yesterday
Wow, this really help

 

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