This is a managerial accounting question. I’m preparing a COGM Schedule and I wanted to make sure that my answers are correct.

This is a managerial accounting question. I’m preparing a COGM Schedule and I wanted to make sure that my answers are correct.

This is a managerial accounting question. I’m preparing a COGM Schedule and I wanted to make sure that my answers are correct.
purchased $5,000 worth of materials and you consumed 40%=$2,000
materials used in production=$2,000
I have to list materials available for use and deduct ending materials ( I figured this at $3,000) the problem is that I was never given beginning-materials or work in progress inventory.
 
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