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Selected financial information for Greek Food Producers is presented in the following table(000s omitted). Beginning raw materials inventory $300 Ending raw materials inventory $180 Direct
Selected financial information for Greek Food Producers is presented in the following table(000s omitted).
Beginning raw materials inventory | $300 |
Ending raw materials inventory | $180 |
Direct labor | $250 |
Operating expenses | $650 |
Purchases of direct materials | $350 |
Beginning work in process inventory | $320 |
Ending work in process inventory | $600 |
Sales revenue | $4,500 |
Manufacturing overhead | $720 |
Beginning finished goods inventory | $250 |
Ending finished goods inventory | $250 |
What was the cost of direct materialsused? Please
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