Question
For the month of May, the balance in Acme Company's raw materials inventory account was $20,500 at the beginning of the month and $37,000
For the month of May, the balance in Acme Company's raw materials inventory account was $20,500 at the beginning of the month and $37,000 at the end of the month. Raw materials purchases during the month totaled $64,000. During May, Acme incurred $111,500 of manufacturing overhead costs, which included $2,100 of indirect materials. What amount of direct materials was used during the month of May?
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
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