Data Table End of Year 10000 Beginning End of of Year Year

Data Table End of Year $ 10,000 Beginning End of of Year Year s 23000 S 32,000 Insurance on plant. Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials. Direct labor.... Indirect labor 40,000 22,000 27,000 Repairs and maintenance-plant 32,000 Depreciation-plant building and equipmentS 13,200 S 3,900 s 88,000 General and administrative expenses 28,500 42,000 Print Done

Solution

Solution:

Calculation of Raw material used

Calculation of Direct Materials Used

For Current Year

Beginning Raw Materials Inventory

$23,000

Plus: Purchases of direct materials

$77,000

Total Raw materials available for production

$100,000

Less: Ending Raw materials inventory

($32,000)

Direct materials used

$68,000

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Calculation of Direct Materials Used
For Current Year
Beginning Raw Materials Inventory	$23,000
Plus: Purchases of direct materials	$77,000
Total Raw materials available for production	$100,000
Less: Ending Raw materials inventory	($32,000)
Direct materials used	$68,000