Question
The following data pertain to Arnold Auto Parts Company for the Year Ended December 31, 200X. Beginning direct material inventory $ 6,000 Ending direct material
The following data pertain to Arnold Auto Parts Company for the Year Ended December 31, 200X. Beginning direct material inventory $ 6,000 Ending direct material inventory 4,000 Beginning work-in-process inventory 8,000 Ending work-in-process inventory 3,000 Beginning finished goods inventory 9,000 Ending finished goods inventory 6,000 Direct material purchased 93,500 Factory Supplies 8,500 Factory depreciation 17,500 Depreciation on the sales office 20,000 Assembly-line labor cost 298,000 Sales salaries 62,000 Depreciation on production equipment 12,500 Factory supervision 183,250 Required: SHOW YOUR WORK A. What is the cost of direct material used during 200X?
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