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Ch 2 H 12.600
k: Ch 2 HW 7 of 8 (7 E2-38B (si
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Answer #1
CALCULATION OF DIRECT MATERIAL USED FOR CURRENT YEAR
Purchase of Direct Materials $                         78,000
Add: Beginning Direct Raw Materials Inventory $                         25,000
Raw Material Avaialbe for Consumption $                     1,03,000
Less: Closing Direct Raw Material inventory $                         28,000
Direct Material Used $                         75,000
Answer = $ 75,000
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