Company Gabbitas Manufacturing Company reported the following materials data for the month ending September 30: Materials purchased $162,300 Materials inventory, September 1 51,200 Materials inventory, September 30 42,700 Determine the cost of direct materials used in production by Gabbitas during the month ended September 30. X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Company
Gabbitas Manufacturing Company reported the following materials
data for the month ending September 30:
Materials purchased
$162,300
Materials inventory, September 1
51,200
Materials inventory, September 30
42,700
Determine the cost of direct materials used in production by
Gabbitas during the month ended September 30.
X
Transcribed Image Text:Company Gabbitas Manufacturing Company reported the following materials data for the month ending September 30: Materials purchased $162,300 Materials inventory, September 1 51,200 Materials inventory, September 30 42,700 Determine the cost of direct materials used in production by Gabbitas during the month ended September 30. X
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