Andrew Industries purchased $166,000 of raw materials on account during the month of March. The beginning...
Andrew Industries purchased $166,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,200, and the materials used to complete jobs during the month were $141,900 of direct materials and $13,100 of indirect materials. What is the ending Raw Materials Inventory balance for March?
Multiple Choice
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$11,200.
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$46,300.
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$33,200.
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$9,100.
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$24,100.
Homework Answers
Answer: The correct answer is $33,200
Ending Raw Material = Beginning Raw Material + Purchases –
Indirect Material – Direct Material Used
Ending Raw Material = $22,200 + $166,000 - $13,100 - $141,900
Ending Raw Material = $33,200
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Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
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