Guzman Manufacturing Company reported the following materials data for the month ending October 31, 2008: Materials purchased

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Guzman Manufacturing Company reported the following materials data for the month ending October 31, 2008:
Materials purchased ..... $175,000
Materials inventory, October 1 .. 45,000
Materials inventory, October 31 ... 30,000

Determine the cost of direct materials used in production by Guzman during the month ended October 31, 2008.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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