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QUESTION 6 Eric Manufacturing began the month of February with the following inventories. Direct Materials Inventory Work in Process Inventory Finished Goods Inventory $1300
QUESTION 6 Eric Manufacturing began the month of February with the following inventories. Direct Materials Inventory Work in Process Inventory Finished Goods Inventory $1300 $700 $1950 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 Finished Goods Inventory $460 $800 $1400 Eric had $4550 in manufacturing overhead costs for February. What was the cost of direct materials available for use in production? 7,340
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