A manufacturing company shows the following amounts in the income statement for 19B:
|
Materials Used |
$590,000 |
|
Cost of Goods Sold |
750,000 |
|
Cost of Goods Manufactured |
800,000 |
|
Total Manufacturing Costs |
790,000 |
1. Determine the amounts of (a) and (b)in the balance sheets of 12/31/19Aand 12/31/19B
Inventories
|
12/31/19A |
1213 111 9B |
|
|
Materials |
$100,000 |
$150,000 |
|
Work in process |
(a) |
87,000 |
|
Finished goods |
80,000 |
(b) |
2. Compute the amount of materials purchased in 19B.