Reference no: EM133133292
Question - The following information is taken from Whacker Company January records:
Work in Process January 1st is $4,070
Raw Materials Used during January is $16,600
Raw Material Purchases during January is $22,000
Raw Materials inventory on January 31st is $5,952
Direct Labour Cost incurred in January $9,000
Manufacturing Overhead Cost incurred in January $4,400
Work in Process January 31 is $7,000
Cost of Goods Sold in January is $27,500
The inventory of finished goods on January 31st is $1,000
Required -
1: Assuming no other transaction happened, what was the cost of units completed during January?
2: Assuming no other transaction happened, what was the Raw Materials Inventory on January 1st?
3: Assuming no other transaction happened, what is the opening balance of Finished Goods Inventory on January 1st?
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