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You are a new accounting intern at Tru Bikes. Your boss gives you the following information and asks you to compute the cost of direct
You are a new accounting intern at Tru Bikes. Your boss gives you the following information and asks you to compute the cost of direct materials used (assume that the company's raw materials inventory contains only direct materials). (Click the icon to view the information.) Tru Bikes Calculation of Direct Materials Used Data Table - Direct materials used: Plus: $ $ Import duties Beginning raw materials inventory Ending raw materials inventory Freight in Freight-out Purchases of direct materials 1.100 4,600 2,000 200 $ $ Less: $ 700 Direct materials used 16,000 Print Done
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