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McGown Corp. has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 20,000 $ 30,000 Work in Process Inventory $ 15,000
McGown Corp. has the following information:
Beginning Inventory (1/1) | Ending Inventory (12/31) | |||||
Raw Materials Inventory | $ | 20,000 | $ | 30,000 | ||
Work in Process Inventory | $ | 15,000 | $ | 18,000 | ||
Finished Goods Inventory | $ | 30,000 | $ | 20,000 | ||
Additional information for the year is as follows:
Raw materials purchases | $ | 100,000 |
Direct labor | $ | 75,000 |
Manufacturing overhead applied | $ | 80,000 |
Indirect materials | $ | 0 |
Compute the direct materials used in production.
$20,000
$110,000
$30,000
$90,000
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