Business, 25.02.2020 18:54 Doobug9312

The Enrique Company recorded the following transactions for February 20x1:

Materials Work in Process Finished Goods
Purchases $100,000
Beginning inventory 180,000 $ 8,000 $ E
Ending inventory A 30,000 30,000
Direct materials used 90,000
Direct labor B
Manufacturing overhead (includes indirect materials used of $10,000) 115,000
Transferred to finished goods C
Cost of goods sold D

Sales were $560,000, with sales prices determined by adding a 40% markup to the firm's manufacturing cost. The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000. Note: The materials account includes both direct materials and indirect materials.

Calculate the missing value.

Answers: 1

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The Enrique Company recorded the following transactions for February 20x1:

Materials Wo...