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Selected financial information for Greek Food Producers is presented in the following table (000s omitted). Beginning raw materials inventory $440 Ending raw materials inventory
Selected financial information for Greek Food Producers is presented in the following table (000s omitted). Beginning raw materials inventory $440 Ending raw materials inventory $260 Direct labor $270 Operating expenses $700 Purchases of direct materials $570 Beginning work in process inventory $400 Ending work in process inventory $660 Sales revenue $5,500 Manufacturing overhead $760 Beginning finished goods inventory $320 Ending finished goods inventory $300 What was the cost of direct materials used? A. $750 B. $180 C. $1,010 D. $570
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