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kvv77 [185]
2 years ago
7

Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016:

Business
1 answer:
dimulka [17.4K]2 years ago
4 0

Answer:

Material used = $855,000

Explanation:

The computation of the cost of direct material used is shown below;

Material purchased = $828,000

Add:

Opening Inventory = $279,000

Less:

Closing Inventory = ($252,000)

Material used = $855,000

we simply applied the above formula so that the cost of direct material used could come

Hence, the cost of direct material used in production is $855,000

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A department store uses a perpetual inventory system. At year-end, it shows a balance in the merchandise inventory account of $2
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