Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

The following data pertain to Michelle Graham Company's operations in May:
May 1 May31
Work in process inventory $7 $12
Raw materials inventory 15 ?
Finished goods inventory ? 20

Other data (in dollars):
Raw materials used 40
Sales 200
Cost of goods manufactured 135
Manufacturing overhead cost 60
Raw materials purchases 30
Gross Margin 60

what was ending materials inventory ?

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M981914

Have any Question?


Related Questions in Accounting Basics

Question - cassy reports a gross tax liability of 1110 she

Question - Cassy reports a gross tax liability of $1,110. She also claims $510 of nonrefundable personal credits, $755 of refundable personal credits, and $310 of business credits. What is Cassy's tax refund or tax liabi ...

Question - alex acquires a residential rental property on

Question - Alex acquires a residential rental property on June 1, 2018 at a total cost of $423,000. Of this total, $132,000 can be allocated to the value of the land. He immediately spends $42,000 to make major improveme ...

Question - on december 31 2016 wildhorse co had 1375000

Question - On December 31, 2016, Wildhorse Co. had 1,375,000 shares of $7 par common stock issued and outstanding. At December 31, 2016, stockholders' equity had the amounts listed here. Common Stock$9,625,000Additional ...

Assignment 1 organization forms and taxationthere are

Assignment 1: Organization Forms and Taxation There are several forms of business organizations. The Internal Revenue Code (IRC) taxes different forms in different ways. The tax implications can sometimes be important en ...

Question - consider dereks budget information materials to

Question - Consider Derek's budget information: materials to be used totals $64,500; direct labor totals $200,400; factory overhead totals $398,600; work in process inventory January 1, $188,400; and work in progress inv ...

Question - garces company offers an unconditional return

Question - Garces Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $850,000, with a cost of merchandise to Garces of $340,000. Based on past ex ...

Question transfer pricing is the pricing of assets funds

Question: Transfer pricing is the pricing of assets, funds, services, etc., transferred among related organizations. Using your textbook, the Argosy University online library resources, and the Internet, conduct research ...

Question using the readings about the differences between

Question: Using the readings about the differences between managers and leaders, and grounded in strategic planning, how can one take a leadership role in making yours a plan that works? The response must be typed, singl ...

Question - cartagena corporation has net income of 281000

Question - Cartagena Corporation has net income of $281,000 for the year ended December 31, 2012 and common shares outstanding of 100,000. Cartagena Corporation did not issue or repurchase additional common shares during ...

Question - a person wants to purchase a new car in 8 years

Question - A person wants to purchase a new car in 8 years and expect the car to cost $63,000. bank offers a plan with a guaranteed APR of 4.5 %. If you make regular monthly deposits. How much should you deposit each mon ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As