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Micker Boots produces cowboy boots, its Raw Materials Inventory account contains only direct ...
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Micker Boots produces cowboy boots, its Raw Materials Inventory account contains only direct ...
Micker Boots produces cowboy boots, its Raw Materials Inventory account contains only direct materials. If the beginning balance in Raw Materials Inventory is $5,000, the ending balance is $3,500, and $60,000 was the amount transferred to Work in Process Inventory, what is the amount of materials purchased during the period?
▸ $60,000
▸ $68,500
▸ $61,500
▸ $58,500
Textbook
Managerial Accounting
Edition:
4
th
Author:
Davis
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$58,500
$5,000 + X − $60,000 = $3,500; X = $58,500
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I appreciate what you did here, answered it right
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