Solution-Compute the amount of materials purchased in 19b

Compute the amount of materials purchased in 19b

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Reference no: EM13512922

A manufacturing company shows the following amounts in the income statement for 19B:

Materials Used	$590,000
Cost of Goods Sold	750,000
Cost of Goods Manufactured	800,000
Total Manufacturing Costs	790,000

1. Determine the amounts of (a) and (b)in the balance sheets of 12/31/19Aand 12/31/19B

Inventories

	12/31/19A	1213 111 9B
Materials	$100,000	$150,000
Work-in-process	(a)	87,000
Finished goods	80,000	(b)

2. Compute the amount of materials purchased in 19B.

Reference no: EM13512922

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Compute the amount of materials purchased in 19b

Reference no: EM13512922

Reference no: EM13512922

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