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Selected data concerning the past year's operations of Burner Corporation are as follows: Selling and administrative expenses $225,000 Direct materials used 397,500 Direct labor 450,000
Selected data concerning the past year's operations of Burner Corporation are as follows: Selling and administrative expenses $225,000 Direct materials used 397,500 Direct labor 450,000 Inventories Jan. 1 Dec. 31 Direct materials $36,000 $42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The cost of direct materials purchased is: a.$403,500. b.$405,000. c.$397,500. d.$367,500.
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