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The following data apply to Stratford Ltd: Direct materials inventory, beginning of the year $5,500 Direct materials inventory, end of the year $3,000 $45,000 Direct materials purchased during the year Calculate the amount of direct materials used during the year.

The following data apply to Stratford Ltd: Direct materials inventory, beginning of the year $5,500 Direct materials inventory, end of the year $3,000 $45,000 Direct materials purchased during the year Calculate the amount of direct materials used during the year.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data apply to Stratford Ltd: Direct materials inventory, beginning of the year $5,500 Direct materials inventory, end of the year $3,000 $45,000 Direct materials purchased during the year Calculate the amount of direct materials used during the year. Select one: Oa. $36 500 Ob. $53 500 C. $42 500 Od. d. $47 500
Transcribed Image Text:The following data apply to Stratford Ltd: Direct materials inventory, beginning of the year $5,500 Direct materials inventory, end of the year $3,000 $45,000 Direct materials purchased during the year Calculate the amount of direct materials used during the year. Select one: Oa. $36 500 Ob. $53 500 C. $42 500 Od. d. $47 500
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