Question
Beginning raw materials was $45,000. During the month, $375,00 of materials were purchased. An inventory count at the end of the month showed $53,000 of
Beginning raw materials was $45,000. During the month, $375,00 of materials were purchased. An inventory count at the end of the month showed $53,000 of raw materials still present. What is the cost of direct materials used in production?
A.$277,000
B.$473,000
C.$367,000
D.$102,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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
Management Accounting
Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker
3rd Edition
9780130101952
