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You are a new accounting intern at Allterrain Bikes. Your supervisor gives you the following information and asks you to compute the cost of direct materials used (assume that the company's raw materials inventory contains only direct materials). View the information. Allterrain Bikes Information Calculation of Direct Materials Used Direct materials used: Plus: Less: Direct materials used Import duties... $ 1,100 Beginning raw materials inventory. $ 4,000 Ending raw materials inventory $ 1,300 Freight-in..... 900 Freight-out... $ 800 Purchases of direct materials $ 16,000 Print Done - X

You are a new accounting intern at Allterrain Bikes. Your supervisor gives you the following information and asks you to compute the cost of direct materials used (assume that the company's raw materials inventory contains only direct materials). View the information. Allterrain Bikes Information Calculation of Direct Materials Used Direct materials used: Plus: Less: Direct materials used Import duties... $ 1,100 Beginning raw materials inventory. $ 4,000 Ending raw materials inventory $ 1,300 Freight-in..... 900 Freight-out... $ 800 Purchases of direct materials $ 16,000 Print Done - X

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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You are a new accounting intern at Allterrain Bikes. Your supervisor gives you the following information and asks you to compute the cost of direct materials used (assume that the company's raw materials inventory contains only direct materials). View the information. Allterrain Bikes Information Calculation of Direct Materials Used Direct materials used: Plus: Less: Direct materials used Import duties... $ 1,100 Beginning raw materials inventory. $ 4,000 Ending raw materials inventory $ 1,300 Freight-in..... 900 Freight-out... $ 800 Purchases of direct materials $ 16,000 Print Done - X
Transcribed Image Text:You are a new accounting intern at Allterrain Bikes. Your supervisor gives you the following information and asks you to compute the cost of direct materials used (assume that the company's raw materials inventory contains only direct materials). View the information. Allterrain Bikes Information Calculation of Direct Materials Used Direct materials used: Plus: Less: Direct materials used Import duties... $ 1,100 Beginning raw materials inventory. $ 4,000 Ending raw materials inventory $ 1,300 Freight-in..... 900 Freight-out... $ 800 Purchases of direct materials $ 16,000 Print Done - X
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