Cost of Direct Materials Used in Production for a Manufacturing Company Sepulveda Manufacturing Company reported the following materials data for the month ending November 30: Materials purchased $211,700 Materials inventory, November 1 66,800 Materials inventory, November 30 55,700 Determine the cost of direct materials used in production by Sepulveda during the month ended November 3o.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 11E: Cost of direct materials used in production for a manufacturing company Walker Manufacturing Company...
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**Cost of Direct Materials Used in Production for a Manufacturing Company**

Sepulveda Manufacturing Company reported the following materials data for the month ending November 30:

- **Materials purchased**: $211,700
- **Materials inventory, November 1**: 66,800
- **Materials inventory, November 30**: 55,700

Determine the cost of direct materials used in production by Sepulveda during the month ended November 30.

\[ \text{Cost of Direct Materials Used} = \text{Materials purchased} + \text{Materials inventory, November 1} - \text{Materials inventory, November 30} \] 

Place the calculated cost in the box provided. 

**Note:** Ensure all calculations are confirmed for accuracy.
Transcribed Image Text:**Cost of Direct Materials Used in Production for a Manufacturing Company** Sepulveda Manufacturing Company reported the following materials data for the month ending November 30: - **Materials purchased**: $211,700 - **Materials inventory, November 1**: 66,800 - **Materials inventory, November 30**: 55,700 Determine the cost of direct materials used in production by Sepulveda during the month ended November 30. \[ \text{Cost of Direct Materials Used} = \text{Materials purchased} + \text{Materials inventory, November 1} - \text{Materials inventory, November 30} \] Place the calculated cost in the box provided. **Note:** Ensure all calculations are confirmed for accuracy.
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