Use the following information to compute the cost of direct materials used for the current year. January
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January I December 31 Inventories Raw materials inventory.6,000 2,000 8,500 $7,500 9,000 5,500 Work in process inventory Activity during current year Materials purchased. . . Direct labor. $123,500 94,000 39,000
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Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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