Use the following information to compute the cost of direct materials used for the current year. Inventories
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Use the following information to compute the cost of direct materials used for the current year.
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Inventories Beginning of Year End of Year Activity during current year Raw materials purchased... $123,000 Direct labor...... Factory overhead... Raw materials inventory .... $ 6,000 $ 7,000 Work in process inventory... 12,000 9,000 94,000 Finished goods inventory ... 8,000 5,000 39,000
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