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 45 times)

mccallkeeler

  • Full Member
  • ***
  • Posts: 149
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
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 Finished Goods Inventory account at December 31?
◦ $43,750
◦ $231,250
◦ $531,250
◦ $343,750
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 mccallkeeler on Feb 5, 2023

xinyifff

  • Full Member
  • ***
  • Posts: 159
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


mccallkeeler

  • Member
  • Posts: 149
Reply 2 on: Feb 5, 2023
Excellent

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Molecular mechanisms that convey positional information. Molecular mechanisms that convey positional information.
Older participants remember more information than younger participants when material has emotional ... Older participants remember more information than younger participants when material has emotional ...
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Acid–Base Balance Acid–Base Balance
Fluid–solute balance in freshwater and marine bony fishes Fluid–solute balance in freshwater and marine bony fishes
December 1, 2023 December 1, 2023
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library