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on, has provided data concerning its operations urred during the month was $121,000, of which $4,000 consiste

on, has provided data concerning its operations urred during the month was $121,000, of which $4,000 consiste

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bottum Corporation, a manufacturing Corporation, has provided data concerning Its operations for May. The beginning balance in the raw materials account was $30,000 and the ending balance was $56,000 Raw materlals purchases during the month totaled $83,000 Manufacturing overhead cost Incurred during the month was $121,000, of which $4,000 consisted of raw materials classified as Indirect materials. The direct materials cost for May was: Multiple Choice $83.000 $57,000 $109.000 $53,000 o O O O
Transcribed Image Text:Bottum Corporation, a manufacturing Corporation, has provided data concerning Its operations for May. The beginning balance in the raw materials account was $30,000 and the ending balance was $56,000 Raw materlals purchases during the month totaled $83,000 Manufacturing overhead cost Incurred during the month was $121,000, of which $4,000 consisted of raw materials classified as Indirect materials. The direct materials cost for May was: Multiple Choice $83.000 $57,000 $109.000 $53,000 o O O O
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