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t dato were lost, and you have been asked to help reconstruct the data. The following The Falcon Company does not maintain backup beginning balances
t dato were lost, and you have been asked to help reconstruct the data. The following The Falcon Company does not maintain backup beginning balances on June 1 are known: documents for its computer files. In June, some of the curren Direct Materals Inventory Work-In-Process Inventory Finished Goods Inventory Manufacturing Overhead Control Accounts Payable $12,300 4,800 11300 19,500 6,300 Reviewing old documents and Interviewing selected employees have generated the following addltional information for the jobs in process on June 30 indicated payments of $43,000 were made to suppliers during June Payroll records indicate that 5,500 direct labor-hours were recorded for Jone. It was Records ot the warehouse indicate that the Finished Goods Inventory totaled $16.600 on June 30 Another record kept manually indicates that the Cost of Goods Sold in June totaled $87000 The predetermined overhead rate was based on an estimated 63,000 direct laborchours for the year and an estmated $373,000 in manufacturing overhead costs What is the amount of direct materials purchased during June? uments and Interviewing selected employees have generated the following additional information hat materials of $2,900 were' included in the June 30 Work-in-Process Inventory Also, 330 direct labor-hours had been paid at $7.00 per eseThedak remembers clearly tha t the balance in the Accounts Payable on June 30 was $8,300. An analysis of canceled checks O $46,000 O $45,000 O $43000 O $41000
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