What was the amount of raw materials used

Assignment Help Accounting Basics
Reference no: EM131633802

Problem -

Raw materials inventory, Jan 1, 2011 $32,500

Raw materials inventory, Dec 31,2011 $26,700

If purchases of raw materials were $135,000 during the year, what was the amount of raw materials used during the year?

If raw materials used during the year were $135,000 what was the amount of raw materials purchased during the year?

Reference no: EM131633802

Questions Cloud

What activities could you suggest for top management staff : What activities could you suggest for your top management staff to keep the same balance in their lives? Explain the benefit of participating in non-work activi
Prepare the journal entry to record the sale of these bonds : Company issues $280,000, 20-year, 6% bonds at 103. Prepare the journal entry to record the sale of these bonds
What type of option should corporate bank use for macrohedge : Corporate Bank has $840 million of assets with a duration of 12 years and liabilities worth $720 million with a duration of seven years.
Discuss complex biological mechanisms : Diabetes disturbs the homeostasis that is maintained by several complex biological mechanisms that operate by the autonomic nervous system.
What was the amount of raw materials used : If purchases of raw materials were $135,000 during the year, what was the amount of raw materials used during the year
Explain how routine measures are recorded : Explain how routine measures are recorded (ethical consideration: dignity, individual rights and privacy) and what are their uses in health and social care?
Who is the primary target market of st helen : Who is the primary target market of St. Helen in terms of medical tourism? What is the image St. Helen should project to the diverse stakeholders?
Determine the total amount of dividends paid : If the preferred stock is cumulative, determine the total amount of dividends paid to each class of stock in each of the three years
Compute the total effect of the errors on the balance : Toland Company's December 31 year-end financial statements contained the following errors: Compute the total effect of the errors on the balance

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following adjustments need to be made before the

the following adjustments need to be made before the financial statements can be prepared at the end of the year. task

  Assume that after 10 years market interest rates have

murcia corporation has 4000000 of 8 percent 25-year bonds dated may 1 2011 with interest payable on april 30 and

  What is a subsequent event

Subsequent Events and Subsequently Discovered Facts. Michael Ewing is auditing the financial statements of Dallas Company for the year ended December 31, 2014.

  Determining the functional currency

Selvey inc is a completely owned subsidiary of parsfield incorporated a us firm. The country where selvey operates is deemed to have a highly inflationary economy under FASB statement no. 52. Therefore,the functional currency is :

  Calculate and clearly show the material and labor variances

What is the standard (expected) cost of making the 500 bumblepuppies? Please calculate and clearly show the material and labor variances

  Legal underpinning of business law

There are five different compositions or forms of business by which companies can be established. They are sole proprietorship, general partnerships,limited partnerships, limited liabilities corporations, and incorporated corporatio

  Why are reversing entries optional?

Why are reversing entries optional?

  Packaging solutions corporation manufactures and sells a

packaging solutions corporation manufactures and sells a wide variety of packaging products. performance reports are

  What is the present value of johns future annual earnings

Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. What is the present value of John's future annual earnings?

  Record income tax expense, deferred income taxes

Assuming that it is more likely than not that $30,000 of the deferred tax asset will not be realized, prepare the journal entry at the end of 2011 to record the valuation account.

  Assume that sufficient constraint time is available to

closter corporation makes three products that use the current constraint which is a particular type of machine. data

  Calculate the book value of a three-year-old machine that

calculate the book value of a three-year-old machine that cost 400000 has an estimated residual value of 40000 and has

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