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Other Fields Homework Help Accounting Topic started by: Hareplity on Jan 22, 2023



Title: Cottonwood, Inc. has the following information regarding its Raw Materials Inventory account:Direct ...
Post by: Hareplity on Jan 22, 2023
Cottonwood, Inc. has the following information regarding its Raw Materials Inventory account:

Direct materials used during the month$672,700
Raw materials purchased during the month683,200
Ending balance, Raw Materials Inventory21,250

The company uses the Raw Materials Inventory account only for direct materials. What is the beginning balance of Cottonwood's Raw Materials Inventory account?

▸ $693,950

▸ $10,750

▸ $661,950

▸ $31,750


Title: Cottonwood, Inc. has the following information regarding its Raw Materials Inventory account:Direct ...
Post by: kidace on Jan 22, 2023
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