The following selected items appeared in the adjusted trial balance columns of the worksheet for…

The following selected items appeared in the adjusted trial balance columns of the worksheet for Artex Company on December 31, 2016. From this information, prepare the section of the statement of cost of goods manufactured relating to the cost of raw materials used: ____________________________________Dr. Cr. Finished Goods Inventory………………$ 70,000………$72,000 Work in Process Inventory………………..85,000………..90,000 Raw Materials Inventory………………….45,000………..48,000 Materials Purchases………………………795,000………………. Purchases Returns and Allowances…………………………7,900 Freight In (on Materials Purchases)……….30,000………………. View Solution:
The following selected items appeared in the adjusted trial balance

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