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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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