Determine the cost of Direct materials used in production RKS Fabrication Inc. reported the followingmaterials data for the month ending July 31:. Materials purchased: $182,700. Materials inventory, July 1: $59,400. Materials inventory, July 31: $48,900Determine the cost of direct materials used inproduction by RKS during the month endingJuly 31.

Step 1: Definitions Concept of Direct Materials Used:Direct materials used refer to the raw…

Answered: RKS Fabrication Inc. reported the…

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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RKS Fabrication Inc. reported the following materials data for the month ending July 31: . Materials purchased: $182,700 . Materials inventory, July 1: $59,400 . Materials inventory, July 31: $48,900 Determine the cost of direct materials used in production by RKS during the month ending July 31.