What was the amount of direct materials used in production

Assignment Help Accounting Basics
Reference no: EM131720175

Question - Barricades Corporation provided the following information for the year:

Beginning Balancelong dash-Work-in-Process Inventory $27,000
Ending Balancelong dash-Work-in-Process Inventory 56,000
Beginning Balancelong dash-Raw Materials Inventory 83,000
Ending Balancelong dash-Raw Materials Inventory 60,000
Purchaseslong dash-Raw Materials 360,000
Direct Labor 471,000
Indirect Labor 18,000
Depreciation on Factory Plant and Equipment 25,000
Plant Utilities and Insurance

271,000

What was the amount of direct materials used in production during the year?

A. $383,000

B. $66,000

C. $360,000

D. $831,000

Reference no: EM131720175

Questions Cloud

Review about human fetus is not a person with rights : No one has ever proved that the human fetus is not a person with rights. Therefore, abortion is morally wrong.
Discuss correctional facility violence and victimization : Correctional practices and responses to correctional facility violence and victimization.discuss correctional facility violence and victimization.
Discuss crimes involving narcotics : The police discover a package of heroin taped under the table where the two were seated. Is this sufficient to justify their arrest for possession
Conductivity and standard deviation : The National Institute of Standards and Technology (NIST) supplies "standard materials" whose physical properties are supposed to be known.
What was the amount of direct materials used in production : Barricades Corporation provided the following information for the year: What was the amount of direct materials used in production during the year
Discuss court to prove or disprove the existence of a fact : Evidence consists of physical objects, testimony, or other things offered in court to prove or disprove the existence of a fact
Researcher selected a sample of 56 former student : A researcher selected a sample of 56 former student leaders from a list of graduates of a large university. She discovered that it had taken an average
Perception of self-affects our perception of information : Describe three (3) ways our perception of self and others affects our perception of information.
Explain information technology as part of tactics section : Explain marketing and information technology as part of the strategies and tactics section of the business plan.

Reviews

Write a Review

Accounting Basics Questions & Answers

  You are the owner of a store you purchase items worth 7800

you are the owner of a store. you purchase items worth 7800 on account from your main supplier. most of the purchase is

  Prepare a single-step income statement for 2013 including

exercise 4-2 income statement format single step and multiple step. the following is a partial trial balance for

  Metro express has 5 sales employees each of whom earns 4000

can you please help me solve this? im trying to go through practice problems to study for an exam.metro express has 5

  The production budget for the next four months is july 5000

albertville inc produces leather handbags. the production budget for the next four months is july 5000 units august

  Sanderson sells a single product for 55 that has a

sanderson sells a single product for 55 that has a variable cost of 40. fixed costs amount to 10 per unit when

  At what volume was the old break-even

You received an email from Carl the operations manager from the California Container division. They produce packaging for cell phones. Carl understands that his product is an important cash producer for the company.

  Spring waters inc produces bottled drinks the new york

spring waters inc. produces bottled drinks. the new york division acquires the water adds carbonation and sells it in

  The president of may has suggested the use of a new method,

May Manufacturing Company was organized January 2, 2010. During 2010, it has used in its reports to management the straight line method of depreciating its plant assets.

  Nicole limited is a company that produces machinery to

nicole limited is a company that produces machinery to customer orders using a normal job-order cost system. it applies

  How does the company compare in profitability with

shareholders want answers to all of the following questions except how does the company compare in profitability with

  Prepare a schedule of the cost of finished goods

the following information relating to the current yeardec31 jan1materials

  Last year flynn company reported a profit of 66000 when

last year flynn company reported a profit of 66000 when sales totaled 516000 and the contribution margin ratio was 40.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd