Question
Bryant Manufacturing makes backpacks. On July 1, Bryant had $75,000 of materials in inventory. During the month of July, Bryant purchased $240,000 of materials
Bryant Manufacturing makes backpacks. On July 1, Bryant had $75,000 of materials in inventory. During the month of July, Bryant purchased $240,000 of materials to use in manufacturing. On July 31, the materials inventory account equaled $28,000. What was the cost of direct materials used in production for the month of July?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
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