If the company estimates that it will need 59,550 pounds of raw material to satisfy production needs in March, then the raw materials inventory balance at the end of February should be closest to:

A) $23,820
B) $222,180
C) $22,040
D) $244,220

Question

Keira Morrow · Accepted Answer

Final Answer : A, Explanation :  The estimated raw materials inventory balance at the end of February is computed as follows:

If the company estimates that it will need 59,550 pounds of raw material to satisfy production needs in March, then the raw materials inventory balance at the end of February should be closest to:

A) $23,820
B) $222,180
C) $22,040
D) $244,220

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Learning Objectives

Related questions

If the company estimates that it will need 59,550 pounds of raw material to satisfy production needs in March, then the raw materials inventory balance at the end of February should be closest to:A) $23,820B) $222,180C) $22,040D) $244,220

Definitions

Learning Objectives

Learning Objectives

Related questions

If the company estimates that it will need 59,550 pounds of raw material to satisfy production needs in March, then the raw materials inventory balance at the end of February should be closest to:

A) $23,820
B) $222,180
C) $22,040
D) $244,220