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Please solve it quickly within 15 minutes and get two upvotes immediately. Thank you Netplay Company's accounting records reflect the following inventories: Dec. 31, 2016
Please solve it quickly within 15 minutes and get two upvotes immediately. Thank you
Netplay Company's accounting records reflect the following inventories: Dec. 31, 2016 Dec. 31, 2017 Raw materials inventory $200,000 $200,000 Work in process inventory 100,000 150,000 Finished goods inventory 0 150,000 During 2017, $ 300,000 of raw materials was purchased, direct labor costs amounted to $750,000 and manufacturing overhead incurred was $400,000. Calculate cost of direct material used during 2017 ? Select one: O $0. O $ 300,000 O $ 100,000 O $ 400,000 O $ 200,000 O $ 500,000Step by Step Solution
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