Question: Calculate direct materials used (Learning Objective 5) You are a new accounting intern at Sunny's Bikes. Your boss gives you the following information and asks

Calculate direct materials used (Learning Objective 5)

You are a new accounting intern at Sunny's 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).

Purchases of direct materials. Import duties..... $16,000 1,000 Freight-in. 200 Freight-out...... 1,000

Purchases of direct materials. Import duties..... $16,000 1,000 Freight-in. 200 Freight-out...... 1,000 Ending raw materials inventory.. 1,500 Beginning raw materials inventory................. 4,000

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