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PA7.
LO 7.3Fill in the missing information from the following schedules:

User Cjmarkham
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1 Answer

1 vote

Answer: Check explanation.

Step-by-step explanation:

The question asked here is not complete, so check attached file for the information on the schedule. The attached file is labelled one (1) and two (2) for the question and the one labelled (3) is the solution to the question.

Filling in the gap, the transcription from the attached picture (3) is given below;

(1). Raw material available for use= $ 148,400.

(2). Less: Purchases =$119,900.

(3). Beginning inventory= $28,500.

(1). Raw material available for use= $128,400.

(2). Less: Cost of direct raw material used= $122,300.

(3). Ending raw materials inventory= $26,100.

Note that all that has been done is just the basic arithmetic.

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PA7. LO 7.3Fill in the missing information from the following schedules:-example-1
PA7. LO 7.3Fill in the missing information from the following schedules:-example-2
PA7. LO 7.3Fill in the missing information from the following schedules:-example-3
User Aaron He
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4.8k points