Suppose a bakery reports the following information:

What is the cost of direct materials used?

a. $101,000

b. $103,000

c. $114,000

d. $102,000

Transcribed Image Text:

Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Direct Labor Purchases of Raw Materials Manufacturing Overhead $ 6,000 5,000 3,000 2,000 4,000 6,000 29,000 102,000 20,000 Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Direct Labor Purchases of Raw Materials Manufacturing Overhead $ 6,000 5,000 3,000 2,000 4,000 6,000 29,000 102,000 20,000

Answer rating: 100% (QA)

Direct Material Direct material is the raw material used for the production of a product Di... View the full answer