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Ahat [919]
2 years ago
6

The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p

urchases 5,400 Ending raw materials inventory 4,400 Office supplies expense 2,400 The amount of raw materials used in production for the year is:
Business
1 answer:
love history [14]2 years ago
8 0

Answer:

Direct material used= $4,900

Explanation:

Giving the following information:

Beginning raw materials inventory $ 3,900

Raw materials purchases 5,400

Ending raw materials inventory 4,400

<u>To calculate the direct material used, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 3.900 + 5,400 - 4,400

Direct material used= $4,900

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The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive fi
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Correct question:

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