How much inventory was requisitioned for employ on jobs, Accounting Basics

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How much inventory was requisitioned for employ on jobs

As of December 31, 2010, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2010, there was $1,600 of materials on hand. During the year, the company purchased $244,000 of materials; however it paid for only $234,000. How much inventory was requisitioned for use on jobs during 2010?

A) $244,400

B) $234,400

C) $233,600

D) $243,600

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Accounting Basics: How much inventory was requisitioned for employ on jobs

Reference No:- TGS090367

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Problem based on direct labor incurred

Q : Expected annual overhead costs concepts

Q : Estimate of annual overhead costs

Q : Company predetermined overhead rate basics

Q : How much inventory was requisitioned for employ on jobs

Q : Cost of the finished goods on the hand from job

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much inventory was requisitioned for employ on jobs

Reference No:- TGS090367

Recent Questions Asked Accounting Basics

Q : Problem based on direct labor incurred

Q : Expected annual overhead costs concepts

Q : Estimate of annual overhead costs

Q : Company predetermined overhead rate basics

Q : How much inventory was requisitioned for employ on jobs

Q : Cost of the finished goods on the hand from job

Q : Balance of the work in process inventory

Q : Storeroom entry of record-transfer of materials

Q : Problem related to raw materials inventory

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