Answer:Direct Material cost To the nearest whole dollar becomes $45,000
Explanation:
Given that Total cost in the finished goods inventory = $182,000
Total cost = Direct Material cost + Direct Labor cost + Overhead rate cost
But Overhead rate cost = 120% of labor cost
Since Over head cost = $75,000
Direct labor cost = $75,000/ 120%=$62,500
Total cost = Direct Material cost + Direct Labor cost + Overhead rate cost
$182,000 = Direct Material cost+ $62,500+ $75,000
Direct Material cost = $182,000 - ( 62,500+75,000)
Direct Material cost = $182,000 -$137,500
Direct Material cost = $44,500
To the nearest whole dollar becomes $45,000
