The following data apply to Stratford Ltd:Direct materials inventory, beginning of the year $5,500Direct materials inventory, end of the year$3,000$45,000Direct materials purchased during the yearCalculate the amount of direct materials used during the year.Select one:a. $36 500Ob$53 500OC $42 500Od$47 500

Formula: Direct materials used = Beginning Direct materials + Purchases during the period - Ending…

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

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

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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