At the beginning of the month raw materials inventory was £30,000, during the month £257,000 of raw materials were purchased. A count at the end of the month revealed that £25,000 of raw material was still present
At the beginning of the month raw materials inventory was £30,000, during the month £257,000 of raw materials were purchased. A count at the end of the month revealed that £25,000 of raw material was still present
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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At the beginning of the month raw materials inventory was £30,000, during the month £257,000 of raw materials were purchased. A count at the end of the month revealed that £25,000 of raw material was still present. What is the cost of direct material used?
A.
£400,000
B.
£282,000
C.
£262,000
D.
£272,000
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