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Crazy boy [7]
3 years ago
10

The following information relates to the manufacturing operations of the JNR Printing Company for the year:

Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

Raw materials purchased during the year amount to  E) $121,000.

Explanation:

The Raw materials purchased during the year can be found by Opening a Raw Materials T - Account.

The Balancing figure for this Account Relates to the Purchase of Raw Materials.

Debits :

Beginning Raw materials inventory                                     $ 57,000

Purchase of Raw Materials (<em>Balancing Figure</em>)                   $121,000

Totals                                                                                     $178,000

Credits :

Ending  Raw materials inventory                                        $ 60,000

Transferred to Manufacturing Account                               $118,000

Totals                                                                                     $178,000

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4 0
4 years ago
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Answer:

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3 years ago
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