Tebleau DA 14-1 (Static): Quick Study, Computing direct materials used LO C You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories 50 Raw materials, beginning $25,000 (Property taves-Foctory rect Direct materials used $50,000 $75,000 Ray S Repairs-Factory Depreciation expense-factory Sales General & administrative expenses Selling expenses Factory utilition 50 1. (a) Mountaineer Co. is a 1.() Diminguishing account Raw materials purchases $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process $50,000 340,000 $30,000 Manufacturer Nove $20,000 $13,000 SO $43,000 Raw materiall, ending Sales and Select Expense Accounts Complete this question by entering your answers in the tabs below. $33,000 $200,000 $400,000 $600,000 Beginning Ending Beginning Ending Accounts receivable, net Cash Direct labor Additional Data Finished Goods 550,000 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Company is a manufacturer or a merchandiser? 1. (b) Which of the following accounts distinguishes Mountaineer Company as a manufacturer or merchandiser? 2. Identify the amount of raw materials purchases. 3. Compute the amount of direct materials used $54,000 Req 2 and 3> Req 2 and 3 Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. is a manufacturer or a merchandiser? (b) which of the following accounts datinguishes Mountaineer Co, as a manufacturer or merchandiser? $150,000 $350,000 $180,000 $000,000 $1,000,000 +47 2

Row Makerials Irventories sales and select Expense Accounts