On October 1, the Florida Company had the following inventories:

Materials, $ 24,000;

work in process, $ 12,000; and

finished goods, $ 35,000.

During the month, materials purchases totaled $ 56,000. Direct labor for October was $40,000, at a uniform wage of $ 6.40 per hour. (Total Labour Hour = 6250) Marketing and administrative expenses for the month amounted to 10% of net sales.

Inventories on October 31 were as follows:

Materials, $ 20,000;

Work in process, $ 8,000; and

Finished goods, $ 40,000.

Net sales for October totaled $ 200,000. Factory overhead is applied on the basis of $ 8 per direct labor hour.

REQUIRED:

ii]. Raw Material Used

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