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Robin Inc. had the activities shown in the table in the year. Direct materials: Beginning inventory $100,000 Purchases 308,000 Ending inventory 52,000 Direct manufacturing labour
Robin Inc. had the activities shown in the table in the year.
Direct materials: |
|
Beginning inventory | $100,000 |
---|---|
Purchases | 308,000 |
Ending inventory | 52,000 |
Direct manufacturing labour | 80,000 |
Manufacturing overhead | 60,000 |
Ending work in process inventory | 20,000 |
Beginning work in process inventory | 4,000 |
Ending finished goods inventory | 80,000 |
Beginning finished goods inventory | 120,000 |
What is Robin's cost of direct materials used during the year? Round to the nearest dollar.
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