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FIN Question 25 Selected financial information for Sunnydale Manufacturing is presented in the following table (000s omitted). Sales revenue $ 4,000 Purchases of direct materials
FIN Question 25
Selected financial information for Sunnydale Manufacturing is presented in the following table (000s omitted).
Sales revenue | $ 4,000 |
Purchases of direct materials | $ 500 |
Direct labor | $ 450 |
Manufacturing overhead | $ 620 |
Operating expenses | $ 700 |
Beginning raw materials inventory | $ 150 |
Ending raw materials inventory | $ 170 |
Beginning work in process inventory | $ 320 |
Ending work in process inventory | $ 310 |
Beginning finished goods inventory | $ 250 |
Ending finished goods inventory | $ 200 |
What was direct materials used?
$500 | ||
$650 | ||
$520 | ||
$480 |
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