QS 18-12 Direct materials used LO P2
Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials.)
January 1 December 31
Inventories
Raw materials inventory
Work in process inventory
Finished goods inventory
Activity during current year
Materials purchased
Direct labor
Factory overhead
Cost of Direct Material is Computed as:
$ 7,000
$ 11,100
14,200
9,800
10,700
6,300
$125,500
98,000
45,600