Ask Question
16 September, 06:10

As of december 31, 2013, nilsen industries had $2,000 of raw materials inventory. at the beginning of 2013, there was $1,600 of materials on hand. during the year, the company purchased $324,000 of materials; however it paid for only $314,000. how much inventory was requisitioned for use on jobs during 2013?

+1
Answers (1)
  1. 16 September, 08:46
    0
    Begging raw material inventory 1600

    add material purchase 324000

    Total amount to account for 325600

    Less ending RM Inventory 2000

    RM requisitioned for use 323600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “As of december 31, 2013, nilsen industries had $2,000 of raw materials inventory. at the beginning of 2013, there was $1,600 of materials ...” 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