Thompson Manufacturing Company reported the following materials data for the month ending September 30: Materials purchased: $245,800 Materials inventory, September 1: $68,500 Materials inventory, September 30: $52,300 Determine the cost of direct materials used in production by Thompson during the month ending September 30.

Thompson Manufacturing Company reported the following materials data for the month ending September 30: Materials purchased: $245,800 Materials inventory, September 1: $68,500 Materials inventory, September 30: $52,300 Determine the cost of direct materials used in production by Thompson during the month ending September 30.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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General Accounting