You are a new accounting intern at Cookie Messages Your boss gives you the following information Purchases of direct materials $ 6,400 Freight in 200 Property taxes 900 Ending inventory of direct materials 1,500 Beginning inventory of direct materials 4,000 Requirement 1 Compute direct materials us...

Req 1 Cookie Messages Computation of Direct Materials ...

You are a new accounting intern at Cookie Messages. Your boss gives you the following information: Purchases

Question:

You are a new accounting intern at Cookie Messages. Your boss gives you the following information:
Purchases of direct materials . . . . . . . . . . . . . . . $ 6,400
Freight in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200
Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900
of direct materials . . . . . . . . . . 1,500
Beginning inventory of direct materials . . . . . . . . 4,000
Requirement
1. Compute direct materials used.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...