1 answer

Tyare corporation Tyare Corporation had the following inventory balances at the beginning and end of May....

Question:

tyare corporation
Tyare Corporation had the following inventory balances at the beginning and end of May. Raw materials Finished Goods Work in
Multiple Choice ( $59,000 0 $68,433 0 $54,000 564,000
Tyare Corporation had the following inventory balances at the beginning and end of May. Raw materials Finished Goods Work in Process May 1 $ 26,000 $75,500 $14,000 May 30 $31,000 $67,000 $ 16,567 During May, $59,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 310 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7100 of direct materials cost. The Corporation incurred $42,150 of actual manufacturing overhead cost during the month and applied $39,900 in manufacturing overhead cost. The raw materials purchased during May totaled:
Multiple Choice ( $59,000 0 $68,433 0 $54,000 564,000

Answers

Answer : $ 64,000

Given Beginning raw materials Issued to production Ending raw materials $ $ $ 26,000 59,000 31,000 26,000 Add: beginning raw

.

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