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Managerial Accounting Operations And Supply Chain Management Assignment Help - Bisby Company

Question - Bisby Company manufactures fishing rods. At the beginning of July, the following information was supplied by its accountant: Raw materials inventory ……………………$40,000 Work-in-process inventory …………………..21,000 Finished goods inventory ……………………23,200 During July, the direct labor cost was $43,500, raw materials purchases were $64,000, and the total overhead cost was $108,750. The inventories at the end of July were: Raw materials inventory ……………………$19,800 Work-in-process inventory …………………..32,500 Finished goods inventory ……………………22,100 Required: 1. W hat is the cost of the direct materials used in production during July? 2. W hat is the cost ...Read More

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