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vivado [14]
3 years ago
9

Suppose a bakery reports this​ information: beginning raw materials inventory $4,000 ending raw materials inventory 3,000 beginn

ing work-in-process inventory 3,000 ending work-in-process inventory 2,000 beginning finished goods inventory 2,000 ending finished goods inventory 4,000 direct labor 29,000 purchases of raw materials 99,000 manufacturing overhead 21,000 what is the cost of direct materials​ used?
Business
1 answer:
photoshop1234 [79]3 years ago
6 0
To calculate cost of direct materials used, you take Purchases of raw materials and subtract the change in raw materials. The idea is that the cost of raw materials used will be however much raw materials decreased during the period plus the purchase of raw materials.  Beginning raw materials is 4000, and ending raw materials is 3000, a change of -1000. Purchases of raw materials were 99,000. The Cost of Direct Materials is 99,000 - (-1000) = 100,000. 
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Answer:

a person buying a used car due to limited income

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The price system is an important component of the market because it
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3 years ago
Expenses recognition Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the Lime it sells goods or
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Answer:

Sun Microsystems

Amount of Expenses to recognize during the months of June, July, and August in each of the following transactions:

a. Rent Expense = $30,000

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Explanation:

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4 0
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The journal entries to record service revenue during July should be:

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