Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
6) Montreal Industries Inc. had the following activities during the year: Direct materials: Beginning inventory $50,000 Purchases 154,000 Ending inventory 26,000 Direct manufacturing labour 40,000
6) Montreal Industries Inc. had the following activities during the year: Direct materials: Beginning inventory $50,000 Purchases 154,000 Ending inventory 26,000 Direct manufacturing labour 40,000 Manufacturing overhead 30,000 Ending work-in-process inventory 10,000 Beginning work-in-process inventory 2,000 Ending finished goods inventory 40,000 Beginning finished goods inventory 60,000 What is Montreal's cost of direct materials used during the year? a. $128,000 b. $24,000 c. $204,000 d. $218,000 e. $178,000
6) Montreal Industries Inc. had the following activities during the year:
Direct materials:
Beginning inventory $50,000
Purchases 154,000
Ending inventory 26,000
Direct manufacturing labour 40,000
Manufacturing overhead 30,000
Ending work-in-process inventory 10,000
Beginning work-in-process inventory 2,000
Ending finished goods inventory 40,000
Beginning finished goods inventory 60,000
What is Montreal's cost of direct materials used during the year?
a. $128,000
b. $24,000
c. $204,000
d. $218,000
e. $178,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started