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bernie2981 bernie2981
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8 years ago
The following is selected financial data from Turtle Bay Manufacturing for the most recent year.

Ending raw materials inventory    $21,000
Ending work in process inventory    $44,200
Ending finished goods inventory    $53,200
Amount of underallocated manufacturing overhead    $5,100
Cost of goods sold for year    $85,000
Cost of raw materials purchased during year    $45,300
Cost of direct materials requisitioned during year    $43,800
Cost of indirect materials requisitioned during year    $7,200
Cost of goods completed during year    $120,000
Manufacturing overhead allocated    $60,000
Manufacturing overhead % of direct labor cost   120%

What is the beginning raw materials inventory?
A) $5,700
B) $26,700
C) $72,000
D) $19,500
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
johnzhaoyulu
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3 years ago
thank you
Anonymous
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#4
9 months ago
Help! The answer is missing an explanation...
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