Direct Materials Used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in inventory. During the month of June, the company purchased $126,000 of materials. On June 30, materials inventory equaled $51,000. Required: Calculate the direct materials used in production for the month of June.

Direct Materials Used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in inventory. During the month of June, the company purchased $126,000 of materials. On June 30, materials inventory equaled $51,000. Required: Calculate the direct materials used in production for the month of June.

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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