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QUESTION 3 Eric Manufacturing began the month of February with the following inventories. Direct Materials Inventory Work in Process Inventory $1300 $700 $1950 Finished
QUESTION 3 Eric Manufacturing began the month of February with the following inventories. Direct Materials Inventory Work in Process Inventory $1300 $700 $1950 Finished Goods Inventory During the month, Eric purchased $6500 in direct materials and used $6320 in direct labor. At the end of the month, the inventory values for Eric Manufacturing were as follows. Direct Materials Inventory Work in Process Inventory $460 $800 $1400 Finished Goods Inventory Eric had $4550 in manufacturing overhead costs for February. What was the cost of the direct materials used in production during February?
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