Question
Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016: Materials purchased$828,000 Materials inventory, June 1279,000 Materials inventory, June 30252,000
Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016:
Materials purchased$828,000
Materials inventory, June 1279,000
Materials inventory, June 30252,000
Determine the cost of direct materials used in production in the month ending June 30, 2016.
*format you answer with a dollar sign and a comma ($x,xxx)
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
