Please help me with answer for both thanks! The financlial records for the Herri

Question

Please help me with answer for both thanks!

The financlial records for the Herrison Manufacturing Company have been destroyed In a fire. The following information has been obtained from a seperate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing emounts Direct Materials Invento Cost of Goods Sold Work-in-Process Inventor eg. Bal. Purchases 9,500 ansferred Ou Deg. Bal Lebor End. Bal 72,000 Transferred Out 21,000 5,000 9,500 End. Bal 7,900 Finished Goods Inventor Beg. Bal. Transferred Transferred in End. Bel. 41,000 5,700 What is the amount of the materials purchased? $17400. O $19400 O $21000 O $22,600.

Explanation / Answer

1) Material purchase = Ending raw material+Transferred out-Beginning raw material

= 7900+21000-9500

Material purchase = 19400

So answer is b) $19400

2) Which of the following documents is used as the basis for posting to the direct labour section of the job cost sheet

So answer is d) Time card

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