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5 May, 22:50

Bunnell corporation is a manufacturer that uses job-order costing. on january 1, the company's inventory balances were as follows:

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  1. 5 May, 23:16
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    The answer is $70,000.

    Explanation:

    The answer for requirement 1 is $480000.

    The answer of requirement 2 : Raw materials = $40,000

    Raw material purchased = $510000

    Total raw material available = $550000

    Less : raw material = $480000

    Raw material, ending balance = $70000.
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