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Determine the cost of direct materials used in production

Question - Monterey Manufacturing Company reported the following materials data for the month ending October 31, 2010

Materials purchased $160,000

Materials inventory, Oct 1 $50,000

Materials inventory, Oct 31 $42,000

Determine the cost of direct materials used in production by Monterey during the month ended October 31, 2010.

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Accounting Basics: Determine the cost of direct materials used in production

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Accounting Basics: Determine the cost of direct materials used in production

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