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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