Homework Answers
| Correct option is: c. $86,000 | ||||
| Workings: | ||||
| Total manufacturing cost | = | $ 2,20,000 | ||
| Less: | Direct labor cost | = | $ 80,000 | |
| Less: | Overhead cost | = | $ 60,000 | |
| Direct matrial cost | = | $ 80,000 | ||
| Direct matrial cost | = | Opening Inventory + Inventory Purchased during the year - Closing Inventory | ||
| $ 80,000 | = | Inventory Purchased during the year - $6000 | ||
| Inventory purchased during the year | = | $ 86,000 |
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