Drect Materials Used Hannah Banana Bakers makes chocolate chip cookies for cafe restaurants. In June, Hannah Banana purchased $15,500 of materials: On June 1, the materials inventory was $3,700. On June 30,$1,600 of materals remained in materials inventory. Requiredt 1. What is the cost of the direct materials used in production during June? 2. Thereis a difference between the cont of direct materials that were purchased dunng the month and the cost of direct materials that were used in production during the: month. In this cootext which of the following is true. Hannah Banana Bakers makes chocolate chip cookies for cafe restaurants. In June, Hannah Banana purchased $15,500 of materials. On June 1 , the materia $3,700. On June 30,$1,600 of materials remained in materials inventory. Required: 1. What is the cost of the direct materials used in production during June? 2. There is a difference between the cost of direct materials that were purchased during the month and the cost of direct materials that were used in produ month. In this context which of the following is true. Mannah Banana Bakers decided to let its ending inventory drop below its beginning inventory. Hannah might have elected to let its ending materials inventory drop in order to save cash for purchases other than buyng materials inventory: Hannah might have elected to do so to reduce its materials inventory holding costs. All of the above