Question

Problem1 This problem is current being displayed.

Problem2

Problem3

Problem4

Problem5

Problem6

Problem7

Problem8

Return to Problem Navigation

Alpha Company manufactures computers. On July 1, Alpha had $73,000 of materials in inventory. During the month of July, the company purchased $320,000 of materials. On July 31, materials inventory equaled $45,000. Determine the cost of direct materials used in production for the month of July.

a. $348,000

b. $393,000

c. $275,000

d. $292,000

Answer 1

Answer: A ($348,000)

Calculation

Inventory at 1 july : $73,000

Add Purchase during

The month $320,000

Less inventory at 31 july -45000

Direct materials use in july $348,000

So A answer is correct.