Cost of Direct Materials used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Materials purchased $845,700 Materials inventory, June 1 238,500 Materials inventory, June 30 190,400 Determine the cost of direct materials used in production by Walker during the month ended June 30. Comparing actual performance with the budget to identify problem areas in production would be an example of the management function of: Decision Making Controlling Planning Directing