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Author Question: Micker Boots produces cowboy boots. Its Raw Materials account contains only direct materials. If the ... (Read 77 times)

xjustxicex

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on: Feb 5, 2023

Question 1

Micker Boots produces cowboy boots. Its Raw Materials account contains only direct materials. If the beginning balance in Raw Materials Inventory is $5,000, the ending balance is $3,500, and $60,000 was purchased, what is the amount of materials transferred to Work in Process Inventory during the period?
◦ $68,500
◦ $58,500
◦ $60,000
◦ $61,500

Question 2

Micker Boots produces cowboy boots. Its Raw Materials account contains only direct materials. If the ending balance in Raw Materials Inventory is $3,500, $60,000 was purchased, and $61,500 was transferred to Work in Process Inventory during the period, what was the amount in beginning inventory?
◦ $1,500
◦ $5,000
◦ $2,000
◦ $3,500
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by xjustxicex on Feb 5, 2023

ahardin89

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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.
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xjustxicex

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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