Question

Cost of Direct Materials Used in Production for a Manufacturing Company Okaboji Manufacturing Company reported the...

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 $244,300
Materials inventory, November 1 77,200
Materials inventory, November 30 64,300

Determine the cost of direct materials used in production by Okaboji during the month ended November 30.
$

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Answer #1
Calculation Cost of Direct MATERIAL used in production
Material Purchased          244,300
Add: Materials inventory, November 1            77,200
Less: Materials inventory, November 30          (64,300)
cost of direct materials used in production          257,200
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