Question: You are a new accounting intern at Thomas Bikes Your

You are a new accounting intern at Thomas 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).
Import duties..................................................................................................... $ 1,300
Beginning raw materials inventory.................................................................... $ 4,100
Ending raw materials inventory......................................................................... $ 1,900
Freight- in........................................................................................................... $ 200
Freight- out........................................................................................................ $ 800
Purchases of direct materials............................................................................ $ 16,400


View Solution:


Sale on SolutionInn
Sales4
Views390
Comments
  • CreatedAugust 27, 2014
  • Files Included
Post your question
5000