A company operates an integrated standard cost accounting system. The standard price of raw material A is $20 per litre. At the start of period 1, the inventory of 500 litres of raw material A was valued at $20 per litre. During period 1, 100 litres of raw material A were purchased at an actual price of $21 per litre. During period 2, 550 litres of raw material A were issued to Job 789.
In respect of the above events, which TWO of the following statements are correct? (Choose two.)
Avery
5 months agoDonte
4 months agoLetha
4 months agoIsadora
4 months agoRutha
5 months agoMitsue
5 months agoKayleigh
5 months agoMerrilee
5 months agoViola
5 months agoNadine
4 months agoErinn
5 months agoTimothy
5 months agoKasandra
5 months agoJanna
6 months agoLorrine
6 months agoGail
6 months agoVeronika
4 months agoDorathy
4 months agoLavina
5 months agoAvery
6 months ago