The following costs and inventory data were taken from the accounts of Winsto Company fo Inventories:...

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The following costs and inventory data were taken from the accounts of Winsto Company fo Inventories: Raw materials Work in process Finished goods Costs incurred: W 1-Jan-22 31-Dec-22 $8,000 $7,000 15,000 13,000 16,000 12,000 Raw materials, purchases $88,000 Direct labour 42,000 Factory rent 8,000 Factory utilities 2,000 Indirect materials 4,000 (inventoried separately from other materials) Indirect labour 6,000 Selling expenses 5,000 Administrative ex Administrative expenses 12,000 Instructions A) Prepare a schedule showing the amount of direct material used in production during the The following costs and inventory data were taken from the accounts of Winsto Company fo Inventories: Raw materials Work in process Finished goods Costs incurred: W 1-Jan-22 31-Dec-22 $8,000 $7,000 15,000 13,000 16,000 12,000 Raw materials, purchases $88,000 Direct labour 42,000 Factory rent 8,000 Factory utilities 2,000 Indirect materials 4,000 (inventoried separately from other materials) Indirect labour 6,000 Selling expenses 5,000 Administrative ex Administrative expenses 12,000 Instructions A) Prepare a schedule showing the amount of direct material used in production during the

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To calculate the amount of direct material used in production during the year we n... View the full answer