Determining the cost of direct materials, Accounting Basics

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Determining the cost of direct materials

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

Material purchased $160,000
Materials inventory, October 1 50,000
Materials inventory, October 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: Determining the cost of direct materials

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Accounting Basics: Determining the cost of direct materials

Reference No:- TGS096886

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is dog huts break-even point

Q : Compute the price of the bonds on their issue date

Q : How would total costs of personnel be classified

Q : How would net costs of personnel be classified

Q : Determining the cost of direct materials

Q : Total assets and total liabilities of a business

Q : Journal entries required for the transactions

Q : Professional nursing services for a health-care facility

Q : Difference in the accounting and taxable income

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Ask an Expert for Answer!!

Accounting Basics: Determining the cost of direct materials

Reference No:- TGS096886

Recent Questions Asked Accounting Basics

Q : What is dog huts break-even point

Q : Compute the price of the bonds on their issue date

Q : How would total costs of personnel be classified

Q : How would net costs of personnel be classified

Q : Determining the cost of direct materials

Q : Total assets and total liabilities of a business

Q : Journal entries required for the transactions

Q : Professional nursing services for a health-care facility

Q : Difference in the accounting and taxable income

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