laika-mcaroni-producescustoms-pastas-for-gourmet-restaurants-laika-had-inventori

Laika McAroni producescustoms pastas for gourmet restaurants. Laika had inventories at the beginning and end of 20XX as follows.December 31, 20XX$45,00060,00065,000During 20XX, Laika purchased raw materials of $400,000, incurred direct labor costs of $200,000 and applied manufacturing overhead of $330,000 to production (assume that $330,000 was what had gone into MOH) . Assume all the raw material used consisted of direct materials. Prepare T-accounts to show the flow of cost through the company’s inventory accounts during 20XX.

Question: Laika McAroni producescustoms pastas for gourmet restaurants. Laika had inventories at the beginning and end of 20XX as follows.January 1, 20XX December 31, 20XXRaw materials Inventory…

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