Crowdly
Add to Chrome
The following information is available for Rocketboo Ltd for the accounting peri...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
The following information is available for Rocketboo Ltd for the accounting period ended:• Raw material purchased during the period: $8,200• Opening and closing raw material inventory balances are $25,100 and $23,800, respectively.• Opening and closing work in process inventory balances are $18,400 and $15,000, respectively.• Opening and closing finished goods inventory balances are $2,400 and $3,000, respectively.• Cost of goods sold during the period: $12,000
What is the cost of raw material used during the period?
0%
100%
0%
0%