Prblm Question:Slapshot Company makes ice hockey sticks. On June 1, Slapshothad $48,000 of materials in inventory. During the month of June, thecompany purchased $132,000 of materials. On June 30, materialsinventory equaled $45,000.Required:Calculate the direct materials used in production for the month ofJune.

Explanation of Opening Inventory: Opening inventory refers to the value of materials that a company…

Answered: Question: Slapshot Company makes ice…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 4EA: Marzons records show raw materials Inventory had a beginning balance of $200 and an ending balance...

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Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials inventory balance of $200. If the cost of materials used during the month was $900, what was the beginning inventory?
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