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 Direct materials purchased during the year $45,000 Calculate the amount of direct materials used during the year. Select one: O a. $36 500 O b. $53 500 c. $42 500 O d. $47 500

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 Direct materials purchased during the year $45,000 Calculate the amount of direct materials used during the year. Select one: O a. $36 500 O b. $53 500 c. $42 500 O d. $47 500

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: a. $36 500 Ob $53 500 OC $42 500 Od $47 500
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