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givi [52]
2 years ago
11

Elm Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $420,000

$350,000 Work in process inventory 400,000 275,000 Finished goods inventory 200,000 125,000 During 2020, $750,000 of raw materials were purchased, direct labor costs amounted to $560,000, and manufacturing overhead incurred was $630,000. The total raw materials available for use to assign to production during 2020 for Elm Company is Group of answer choices
Business
1 answer:
zavuch27 [327]2 years ago
8 0

Answer:

$680,000

Explanation:

The computation of the raw material allocated to production is shown below:

As we know that

Raw materials used in production = Beginning raw materials + Purchase of raw materials -  Ending raw materials

= $350,000 + $750,000 - $420,000

= $680,000

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Answer:

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3 years ago
Making formal statements, holding rites and rituals, utilizing employee training and coaching, demonstrating how a leader reacts
Genrish500 [490]

Answer:

Effect Corporate Change

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8 0
3 years ago
The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price
sleet_krkn [62]

Answer:

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I hope my answer helps you

8 0
3 years ago
In performance appraisal, ______ means that the use of the measure is satisfactory or appropriate to the people who must use it.
inysia [295]

Answer:

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Explanation:

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3 years ago
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