Cost of Direct Materials Used in Production for a Manufacturing Company Okaboji Manufacturing Company reported the...
Cost of Direct Materials Used in Production for a Manufacturing Company
Okaboji Manufacturing Company reported the following materials data for the month ending November 30:
| Materials purchased | $217,700 |
| Materials inventory, November 1 | 68,800 |
| Materials inventory, November 30 | 57,300 |
Determine the cost of direct materials used in production by Okaboji during the month ended November 30.
Homework Answers
ending materials inventory=beginning materials inventory+materials purchased-cost of direct materials used
57300=68800+217700-cost of direct materials used
cost of direct materials used=68800+217700-57300
=$229200.
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