Answer:
a. $230,000
b. $690,000
c. $710,000
Explanation:
The computation is shown below:
a. Cost of direct material used = Beginning balance of raw material + purchase made - ending balance of raw material
= $140,000 + $220,000 - $130,000
= $230,000
b. Total manufacturing cost
Total manufacturing cost = cost of direct materials used + direct labor cost + overhead cost
= $230,000 + $150,000 + $310,000
= $690,000
c. Cost of goods manufactured
Cost of goods manufactured = Beginning balance of Work in process + Manufacturing cost - Ending balance of Work in process
= $90,000 + $690,000 - $70,000
= $710,000
Answer:
2021 2022
Beginning inventory $20,730 $28,010
Cost of goods purchased <u>$150,450</u> <u>$174,240 </u>
Goods Available for sale $171,180 $202,250
Less :Ending Inventory <u>$28,010 </u> <u>$40,660</u>
Cost of goods sold <u>$143,170</u> <u>$161,590</u>
Note: The ending inventory of 2016 will become beginning inventory of 2017.
Answer:
the answer to this question is true
1. Hardships for poor people and fixed income salaried households
<span>2. Business Profits tend to go up in times of inflation </span>
<span>3. Demand for pay hikes and wage increases</span>
