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ACC- Cascade Manufacturing Company Problem




Question;Analying Activity in Inventory Accounts.Select data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:Raw materials used $300,000Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs) 681,000Cost of goods available for sale 826,000Selling and general expenses 30,000Inventoriesbeginning EndingRaw materials $70,000 $80,000Work-in-process 85,000 30,000Finished goods 90,000 110,000RequiredDetermined each of the following:a. Cost of raw materials purchasedb. Direct labor costs charged to productionc. Cost of goods manufacturedd. Cost of good sold


Paper#44279 | Written in 18-Jul-2015

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