The following information is available for the year ended December 31:
Beginning raw materials inventory $3,000
Raw materials purchases 4,200
Ending raw materials inventory 2,700
Office supply expense 1,600
The amount of raw materials used in production for the year is:
A. $4,500.
B. $1,500.
C. $7,200.
D. $2,900.
E. $4,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following information is available for the year ended December 31: Beginning raw materials inventory $3,000 Raw materials purchases ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following entries would be recorded by a company that uses the cash basis method of accounting? A. Salaries Expense 1,000 Salaries Payable 1,000 B. Rent Expense 1,000 Cash 1,000 C. Cash 1,000 Accounts Receivable 1,000 D.
Answers (1)
5. Cleveland Resorts purchased equipment for $40,000. Residual value at the end of an estimated four-year service life is expected to be $8,000.
Answers (1)
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost averaging $150 per hour.
Answers (1)
Brand equity is calculated by subtracting sales of generic brands from the sales of branded items in a category. a. True b. False
Answers (1)
Of the manufacturing and production methods discussed this week (job production, batch production, flow production, mass customization, continuous production, or hybrid processes) which one would you recommend for the product you chose and why?
Answers (1)
New Questions in Business
The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common Stock, $15 par $459,000 Paid-In Capital from Sale of Treasury Stock 18,800 Paid-In Capital in Excess of Par-Common Stock
Answers (2)
The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each costs $7,000 and has an expected life of 3 years.
Answers (1)
Charles Goodyear decided to license his patented vulcanization process to capture value from his innovation, instead of selling the products on his own. Do you think this is rational? Why or why not?
Answers (1)
I wanna go to ucla and live in cali what are the requirements and what gpa do you need i have a 3.3750 and im in 9th grade
Answers (1)
If you had to recommend one product, which product would you recommend they create? Underline your selection: Organic Bloom Shampoo Moisturizing black soap shampoo with dandruff control Coconut protein shampoo and conditioner
Answers (1)