Pardee Ltd completed operations for the week and the accountant was preparing to make journal entries necessary to prepare a set of interim financial statements. Unfortunately, he discovered some of the data concerning direct materials had been lost. He was able to find the following: The standard cost of the direct materials used was
A) $90,000
B) $95,500
C) $100,000
D) $94,000

Question

Pardee Ltd completed operations for the week and the accountant was preparing to make journal entries necessary to prepare a set of interim financial statements. Unfortunately, he discovered some of the data concerning direct materials had been lost. He was able to find the following:  The standard cost of the direct materials used was
A) $90,000 
B) $95,500 
C) $100,000 
D) $94,000

Quizplus · Accepted Answer

The Answer of Pardee Ltd completed operations for the week and the accountant was preparing to make journal entries necessary to prepare a set of interim financial statements. Unfortunately, he discovered some of the data concerning direct materials had been lost. He was able to find the following:  The standard cost of the direct materials used was
A) $90,000 
B) $95,500 
C) $100,000 
D) $94,000

Pardee Ltd Completed Operations for the Week and the Accountant