Question

Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Materials purchased $154,700 Materials inventory, June 1 48,800 Materials inventory, June 30 40,700 Determine the cost of direct materials used in production by Walker during the month ended June 3

Answer 1

Answer:

the direct material used is $162,400

Explanation:

The computation of the direct material used is as follows:

= Opening inventory + material purchased - ending inventory

= $48,400 + $154,700 - $40,700

= $162,400

Hence, the direct material used is $162,400

We simply applied the above formula so that the correct value could come