The financial records of Courville, Inc. have been destroyed in a fire. The following information has been obtained from a separate set of records maintained by the accountant. Your assistance is now needed in computing the missing items.

Required:
(a) Calculate the amount of direct materials transferred out.
(b) Calculate the amount of direct materials purchases.
(c) Calculate the ending work in process inventory.
(d) Calculate the amount of finished goods transferred out.
(e) Calculate the beginning finished goods inventory.

Question

The financial records of Courville, Inc. have been destroyed in a fire. The following information has been obtained from a separate set of records maintained by the accountant. Your assistance is now needed in computing the missing items.
 
Required:
(a) Calculate the amount of direct materials transferred out.
(b) Calculate the amount of direct materials purchases.
(c) Calculate the ending work in process inventory.
(d) Calculate the amount of finished goods transferred out.
(e) Calculate the beginning finished goods inventory.

Quizplus · Accepted Answer

The Answer of The financial records of Courville, Inc. have been destroyed in a fire. The following information has been obtained from a separate set of records maintained by the accountant. Your assistance is now needed in computing the missing items.
 
Required:
(a) Calculate the amount of direct materials transferred out.
(b) Calculate the amount of direct materials purchases.
(c) Calculate the ending work in process inventory.
(d) Calculate the amount of finished goods transferred out.
(e) Calculate the beginning finished goods inventory.

The Financial Records of Courville, Inc