What was the amount of raw materials used during quarter

Assignment Help Accounting Basics
Reference no: EM13137786

Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year:

Beginning Raw Materials = $94,000
Ending Raw Materials = $78,000
April Purchases = $62,000
May Purchases = $45,000
June Purchases = $58,000

What was the amount of Raw Materials used during this quarter?

Reference no: EM13137786

Questions Cloud

Essay question: what were the bourbon reforms? : ESSAY QUESTION: What were the Bourbon reforms? What was the goal of these reforms? How did the criollos react to the reforms?
Amount of gain or loss on the sale : An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale?
Identify and describe these activities : The employee worked in Starbuck's Information Technology Department. RAD Services Inc. charged Starbucks as much as $429,800 for consulting services in a single week. For such a fraud to have taken place, certain control activities were likely no..
What alternatives would you suggest to combat : what alternatives would you suggest to combat some of the difficulties that Barilla’s operations system faces?
What was the amount of raw materials used during quarter : Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year.
Amortization table for the installment note : On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2012 carrying amount in the amortization table..
Computing a constant pressure process : Calculating a Constant Pressure Process, In a constant pressure, nonflow process, 6Btus of heat are added to a gas while the volumes change from 1.6ft^3 to 2.0ft^3
The impression one gains : The impression one gains from the internal inconsistency of many of the arguments upon the which justification of conventional accounting, is made to rest is strongly reminiscent of the underlying philosophy of the rulers of Oceania in George Orwell'..
Evaluate the pros and cons in the field of managed care. : Medicare Part D has become one of the established programs in the field of managed care. Find an online source of information evaluating the program as it exists today. Are the concerns raised at the time of the implementation of the program still is..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparing the journal entry to record pension expense

Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010.

  Meaning of a favorable variance and an unfavorable variance

Prepare a memorandum - Does Cost of Goods Sold decrease or increase when concluding a favorable variance? Does gross margin increase or decrease when a favorable variance is closed to Cost of Goods Sold? Describe.

  Immediately after adam''s admission to the partnership

Immediately after Adam's admission to the partnership, Leah sells one-fourth of her interest to Denton for $35,000. Journalize the entry to record this transaction.

  Problem related to annual exclusion

Barbara sells a house with a FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of:

  What is the cash flow to creditors

Zigs Industries had the following operating results for 2011: sales = $27,960; cost of goods sold = $19,360; depreciation expense = $4,940; interest expense = $2,190; dividends paid = $1,050.

  What is justin basis in the partnership

Justin and Tiffany form the equal TJ Partnership. Justin contributes cash of $300,000. Tiffany contributes property with an adjusted basis of $200,000 and a fair market value of $300,000.

  What would be the expected cost of goods sold

Davis Corporation has a sales budget for next month of $600,000. Cost of goods sold is expected to be 30 percent of sales. All goods are purchased in the month used and paid for in the month following purchase.

  Requirements of incorporating the business

Discuss in detail the requirements of incorporating the business, the advantages and disadvantages, and provide JJ with recommendations.

  Financial items of the lessee

If a lease transaction is accorded capital lease treatment rather than operating lease treatment, it would have what impact on the following financial items of the lessee?

  Determining the tax issues

Dave, who is in poor health, already owns about $3 million of property. What tax issues should Dave James consider with respect to the property bequested to him by his wife?

  What is stan realized gain on the sale

How would your answer to Part a. change, if at all, if the FMV of the gift property was $85,000 as of the date of the gift.

  Is it possible that a company receives a unqualified opinion

Is it possible that a company receives a unqualified opinion from the auditors on the financial report but a qualified one on internal control?

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