Matheis Designs, Inc. manufactures swimming suits. At the beginning of October 2004, the company had $1,450 worth
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Matheis Designs, Inc. manufactures swimming suits. At the beginning of October 2004, the company had $1,450 worth of cloth on hand which was included in its direct material inventory. During October, Matheis purchased cloth costing $12,360 and used material costing $12,750 in production.
Required: What is the cost of the ending direct material inventory of cloth for Matheis Designs, Inc.?
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Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Introduction To Management Accounting A User Perspective
ISBN: 9780130327505
2nd Edition
Authors: Michael L Werner, Kumen H Jones
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