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Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1 $ 25000 Raw materials inventory, December 31 55000 Work
Using the following information, compute the cost of direct materials used.
Raw materials inventory, January 1 | $ 25000 |
Raw materials inventory, December 31 | 55000 |
Work in process, January 1 | 27000 |
Work in process, December 31 | 18000 |
Finished goods, January 1 | 60000 |
Finished goods, December 31 | 48000 |
Raw materials purchases | 1700000 |
Direct labor | 890000 |
Factory utilities | 225000 |
Indirect labor | 75000 |
Factory depreciation | 500000 |
Operating expenses | 630000 |
$1670000.
$1645000.
$1700000.
$1725000.
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