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San Diego State University Operations And Supply Chain Management Assignment Help - Inventory

Question - Problem 16.7A The accounting records of Idaho Paper Company include the following information relating to the current year: Dec. 31 Jan. 1 Manufactured Materials inventory…………………………………………………… $ 20,000 $ 25,000 Work in process inventory………………………………………….. 37,500 40,000 Finished goods inventory, Jan. 1 (10,000 units @ 21 per unit)… ? 210,000 Purchases of direct material during year………………………….. 330,000 Direct labor costs assigned to production……………………….... 375,000 Manufacturing overhead…………………………………………….. 637,500 The ...Read More

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