Question

CallahanCallahan Company uses the? weighted-average method in its process costing system. The Packaging Department started the...

CallahanCallahan

Company uses the? weighted-average method in its process costing system. The Packaging Department started the month with

290290

units in process that were

8080?%

?complete, received

1 comma 4901,490

units from the Finishing? Department, and had

140140

units in process at the end of the period. All materials are added at the beginning of the? process, and conversion costs are incurred uniformly. The units in process at the end of the month are

1010?%

complete with respect to conversion costs. During the month

1 comma 6401,640

units were completed and transferred out. The department incurred the following? costs:

LOADING...

?(Click on the icon to view the? costs.)

Suppose a bakery reports this? information:

Beginning Raw Materials Inventory

$6,000

Ending Raw Materials Inventory

5,000

Beginning Work-in-Process Inventory

2,000

Ending Work-in-Process Inventory

1,000

Beginning Finished Goods Inventory

3,000

Ending Finished Goods Inventory

5,000

Direct Labor

28,000

Purchases of Raw Materials

98,000

Manufacturing Overhead

18,000

What is the cost of direct materials? used?

Business   Accounting   
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Answer #1
Ans. Calculation for Cost of direct material used:
Direct Material: Amt.($)
Beginning Raw material Inventory $       6,000
Add: Purchases of Raw Material         98,000
Raw Material available for use       104,000
Less: Ending Raw Material Inventory         (5,000)
          Direct Material Used $     99,000
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