The following is data for a manufacturing company:
Begin Direct Materials $ 2,000
Direct Labor $ 5,000
End Direct Materials 3,000
Begin Work-in-Process 4,000
End Work-in-Process 6,000
Manufacturing Overhead 12,000
Direct Materials Purchased 10,000
Cost of Goods
Cost
End Finished Goods 9,000
Gross Margin (Profit) ?
Net Income ?
Operating Expenses 6,000
What is the amount of Direct Materials used in production?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
