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GigaBite Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the Chief Financial
GigaBite Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the Chief Financial Officer's backup computer data.
Cost of Goods Sold $
WorkinProcess Inventory, Beginning
WorkinProcess Inventory, Ending
Selling and Administrative Expense
Finished Goods Inventory, Ending
Finished Goods Inventory, Beginning
Direct Materials Purchased
Factory Overhead Applied
Operating Income
Direct Materials Inventory, Beginning
Direct Materials Inventory, Ending
Cost of Goods Manufactured
Direct Labor
The Chief Financial Officer of GigaBite Company has asked you to recalculate the following accounts and report to him by week's end.
What should be the amount of direct materials available for use?
Multiple Choice
$
$
$
$
$
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