Title: Basil Industries reported the following information for December:Beginning balance, Raw Materials ...
Post by: meghan.binge on Jan 22, 2023
Basil Industries reported the following information for December: Beginning balance, Raw Materials Inventory | $ 187,500 | Beginning balance, Work in Process Inventory | 300,000 | Beginning balance, Finished Goods Inventory | 106,250 | Manufacturing overhead applied | 525,000 | Purchases of raw materials | 337,500 | Factory electricity | 62,500 | Direct labor payroll | 200,000 | Depreciation on factory equipment | 218,750 | Insurance on factory building | 50,000 | Indirect materials used in production | 43,750 | Total raw materials used in production | 406,250 | Indirect labor payroll | 150,000 | Cost of goods manufactured | 1,250,000 | Cost of Goods Sold | 1,312,500 |
What was the ending balance in Basil's Raw Materials Inventory account at December 31? ▸ $75,000 ▸ $206,250 ▸ $162,500 ▸ $118,750
Title: Basil Industries reported the following information for December:Beginning balance, Raw Materials ...
Post by: LaceyCGibson on Jan 22, 2023
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