The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The...
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Accounting
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.
Direct Materials Inventory
Beg. Bal.
9,800
?
Transferred Out
Purchases
?
End. Bal.
8,200
Cost of Goods Sold
75,000
Work-in-Process Inventory
Beg. Bal.
9,300
?
Transferred Out
Materials
21,600
Labor
15,300
Overhead
9,800
End. Bal.
?
Finished Goods Inventory
Beg. Bal.
?
?
Transferred Out
Transferred in
41,300
End. Bal.
6,000
What is the amount of the materials purchased?
Multiple Choice
$18,000.
$20,000.
$21,600.
$23,200.
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