Question
Riverbed athletics is trying to determine the amount of direct materials used in production during the current month. Records indicate that the beginning inventory for
Riverbed athletics is trying to determine the amount of direct materials used in production during the current month. Records indicate that the beginning inventory for the direct materials was $65,300 and that, based on a physical count, the ending inventory for the direct materials is $44,200. After contacting the purchasing department, it was noted that three separate purchases of direct materials were made during the month as follows:
Purchase #1 $27,000
Purchase #2 $43,100
Purchase #3 $38,500
How much of the direct materials were used in production during the current month?
Materials used: $ _________________________
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