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RRT Systems Inc., had the following activities during 2019, What is the cost of direct materials used during 2019? Direct materials: Beginning inventory Purchases Ending inventory Direct manufacturing labor Manufacturing overhead Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory $ 24,000 61,600 11,000 18,000 11,500 1,000 3,500 25,000 19,000 a. $13000 b. $48600 c. $96600 d. $61600 e. None of these answers is correct The value chain is the sequence of business functions in which a. None of these answers is correct b. value is deducted from the products or services of an organization c. Sales of an organization are increased d. products and services are evaluated with respect to their value to the supply chain e producing and delivering the product or service is of prime importance Allocating direct costs is quite straightforward, whereas tracing indirect costs to a number of different cost objects can be very challenging. Select one: True False Improvements in information-gathering technologies are making it possible to trace more costs as direct Select one: True False A cost is a resource sacrificed or forgone to achieve a specific objective. Select one: True False