Homework Answers
Solution
| Mason bikes | ||
| Calculation of Direct material used | ||
| For Current year | ||
| Beginning raw material inventory | $ 13,000.00 | |
| Plus:Purchase of Direct materials | $ 53,000.00 | |
| Material available for use | $ 66,000.00 | |
| Less: Ending raw material inventory | $ 14,000.00 | |
| Direct material used | $ 52,000.00 | |
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