Question
JHS Inc. has reported the following data: Purchases of Raw Material$5,400 FreightIn150 PropertyTax950 Ending Inventory of RawMaterials1,700 Beginning Inventory of RawMaterials3,500 Assuming that all materials
JHS Inc. has reported the following data:
Purchases of Raw Material$5,400
FreightIn150
PropertyTax950
Ending Inventory of RawMaterials1,700
Beginning Inventory of RawMaterials3,500
Assuming that all materials used are direct materials, compute the amount of direct materials used.
a.$8,300
b.$7,500
c.$7,200
d.$7,350
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
ISBN: 978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
