Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016: Materials purchased
Question:
Materials purchased .................... $828,000
Materials inventory, June 1............ 279,000
Materials inventory, June 30 ........... 252,000
Determine the cost of direct materials used in production by Rextacular during the month ended June 30, 2016.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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