Selected information regarding a company's most recent quarter follows (all data in thousands). Direct labor $580 Beginning work in process inventory $320 Ending work in process inventory $340 Cost of goods manufactured $1560 Manufacturing overhead $870What was the cost of direct materials used for the quarter?   Question 30 options:   $870   $530   $130   $1540

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected information regarding a company's most recent quarter follows (all data in thousands).

Direct labor $580
Beginning work in process inventory $320
Ending work in process inventory $340
Cost of goods manufactured $1560
Manufacturing overhead $870
What was the cost of direct materials used for the quarter?
 

Question 30 options:

 
$870
 
$530
 
$130
 
$1540
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