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Naddika [18.5K]
3 years ago
8

telmack Corporation, a manufacturing Corporation, has provided data concerning its operations for September. The beginning balan

ce in the raw materials account was $20,000 and the ending balance was $27,000. Raw materials purchases during the month totaled $63,000. Manufacturing overhead cost incurred during the month was $53,000, of which $3,000 consisted of raw materials classified as indirect materials. The direct materials cost for September was:
Business
1 answer:
nignag [31]3 years ago
7 0

Answer:

Direct material= $51,000

Explanation:

Giving the following information:

Beginning inventory= $20,000

Ending inventory= $27,000.

Raw materials purchases during the month totaled $63,000.

$3,000 consisted of raw materials classified as indirect materials.

First, we need to calculate the total raw material used in production:

Raw material used= beginning inventory + purchases - ending inventory

Raw material used= 20,000 + 63,000 - 27,000= 54,000

Now, the direct material used:

Direct material= 54,000 - 3,000= $51,000

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3 years ago
Elmo Johnson was late on his property tax payment to the county. He owed $7,500 and paid the tax four months late. The county ch
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2 years ago
Kuzma​ Foods, Inc. has budgeted sales for June and July at $ 680 comma 000.00 and $ 720 comma 000.00​, respectively. Sales are 8
atroni [7]

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