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Home Q & A Board Other Fields Homework Help Business Accounting
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Hareplity Hareplity
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A month ago
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
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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kidacekidace
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A month ago
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More solutions for this book are available here
$10,750

X + $683,200 − $672,700 = $21,250; X = $10,750
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Hareplity Author
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A month ago
this is exactly what I needed
jmelchor77
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Just got PERFECT on my quiz
decibul
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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