Question

Study Tools mited Time Spent: 00:43:42 Time Limit: Unlimited ted Started At: Jan 9, 2020 4:31 PM Last Worked: Jan 9, 2020 5:15 PM Submitted At: Jan 9, 2020 5:15 PM Sul ! By: Student Selected Item Attempt Preview Preview in Window Large Preview Direct Materials Used Hannah Banana Bakers makes chocolate chip cookies for cafe restaurants. In June, Hannah Banana purchased $53,000 of materials. On June 1, the materials inventory was $13,780. On June 30, $6,890 of materials remained in materials inventory. Required: Com 1. What is the cost of the direct materials used in production during June? $ 73,670 X 2. There is a difference between the cost of direct materials that were purchased during the month and the cost of direct materials that were used in production during the month. In this context which of the following is true. All of the above. Vui | Privacy Center | Terms of Use | Copyright Notices | Cengage Technical Support | Nelson Technical Support | Accessibility о не па MacBook Pro

Answer 1

1) The cost of the direct materials used in production during June : $59,890 Workings: Beginning Materials Inventory (June 1) Add: Purchased Materials during June Less: Ending Materials Inventory (June 30) $13,780 $53,000 $6,890 $59,890 Note: I have only attempted error (cross) figures.