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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Amoeba Manufacturing, Inc. provided the following information for the year:

PurchasesRaw Materials   $91,000
Plant Utilities and Insurance   66,000
Indirect Materials   11,240
Indirect Labor   4,340
Direct Materials Used in Production   99,000
Direct Labor   119,500
Depreciation on Factory Plant & Equipment   5,000

The inventory account balances as of January 1 are given below.

Raw Materials Inventory   $44,000
Work-in-Progress Inventory   11,000
Finished Goods Inventory   50,000

What is the ending balance in the Raw Materials Inventory account?
A) $135,000
B) $110,240
C) $6,000
D) $24,760
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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H3Ko Author
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8 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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