Pharoah Company reported the following amounts for 2022: Raw materials purchased Beginning Raw Materials Inventory Ending Raw Materials Inventory $92,960 Ending Work in Process Inventory 5,824 Manufacturing overhead costs applied 5,040 Beginning Work in Process Inventory Calculate the cost of materials used in production. Cost of materials used $7,056 40,320 6,832
Pharoah Company reported the following amounts for 2022: Raw materials purchased Beginning Raw Materials Inventory Ending Raw Materials Inventory $92,960 Ending Work in Process Inventory 5,824 Manufacturing overhead costs applied 5,040 Beginning Work in Process Inventory Calculate the cost of materials used in production. Cost of materials used $7,056 40,320 6,832
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EB: A company has 100 units in ending work in process that are 40% complete after transferring out 750...
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