At the end of the current month, Countertops Unlimited, a manufacturer of kitchen and bath countertops, had
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Question:
At the end of the current month, Countertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information for production:
Beginning Work in Process Inventory | $20,000 |
Ending Work in Process Inventory | $1,500 |
Beginning Materials Inventory | $50,000 |
Ending Materials Inventory | $17,000 |
Materials purchased | $105,000 |
Direct Labor | $65,000 |
Indirect Labor | $20,000 |
Indirect Materials used | $35,000 |
Factory rent | $45,000 |
Depreciation on factory machine | $15,000 |
Utilities (rent and utilities relate to the factory) | $15,000 |
Sales shop supplies | $10,000 |
Non-factory Administrative salaries | $105,000 |
Using the data above, Calculate the cost of direct materials in the current period.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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