Tektron Industries has beginning and ending raw materials inventories of $32,000 and $40,000, respectively. Direct materials used were $130,000. The cost of raw materials purchased isA$140,000You got it wrong : B$122,000C$130,000This is correct answer : D$138,000 (130K+40K) - 32K
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tektron Industries has beginning and ending raw materials inventories of $32,000 and $40,000, respectively. Direct materials used were ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A stock is trading at $50. You believe there is a 60% chance the price of the stock will increase by 10% over the next 3 months.
Answers (1)
What are the pros and cons of relocating a small or midsized manufacturing firm (that makes mature products) from the united states to china?
Answers (1)
An account that would be increased by a debit is A. cash. B. fees earned. C. capital.
Answers (1)
An insurance company estimates that it should make an annual profit of $150 on each homeowners policy written, with a standard deviation of $6000. a) Why is the standard deviation so large
Answers (1)
Paulson Company began the year with retained earnings of $500,000. During the year, the company issued $720,000 of common stock, recorded expenses of $2,000,000, and paid dividends of $80,000.
Answers (1)
New Questions in Business
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000.
Answers (1)
Company X failed to record (accrue) $5,000,000 of vendor invoices and warranty liability at year-end. With this omission, the company's summary financial statements were stated as follows:Summarized Income StatementSales $50,000,000All Cost (incl.
Answers (1)
Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,600 (that had cost $6,355) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.
Answers (1)
G. R. Edwin Inc. had sales of $6.02 million during the past year. The cost of goods sold amounted to $3.06 million. Operating expenses totaled $2.65 million, and interest expense was $27 comma 000.
Answers (1)
During the year, Calabash Clinic made a $50,000 cash payment toward its bank loan, which it had previously recorded; $40,000 was for principal, and $10,000 was to pay the full amount of interest due.
Answers (1)