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Cost of Direct Materials Used in Production for a Manufacturing Company Okaboji Manufacturing Company reported the following materials data for the month ending November 30: Materials purchased $490,900 Materials inventory, November 1 64,900 Materials inventory, November 30 81,300 Determine the cost of direct materials used in production by Okaboji during the month ended November 30.

Respuesta :

Answer:

The cost of direct materials used in production by Okaboji during the month ended November 30 is $474,500

Explanation:

The computation of the cost of direct material used is shown below:

= Beginning balance of raw material inventory + purchase of raw material - ending balance of raw material inventory

= $64,900 + $490,900 - $81,300

= $474,500

We simply add the beginning inventory and purchase and deduct the ending inventory to compute the used material in production

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