Player Suppose a bakery reports this information:
|
Beginning Raw Materials Inventory
|
$6,000
|
|
Ending Raw Materials Inventory
|
5,000
|
|
Beginning Work-in-Process Inventory
|
3,000
|
|
Ending Work-in-Process Inventory
|
2,000
|
|
Beginning Finished Goods Inventory
|
4,000
|
|
Ending Finished Goods Inventory
|
6,000
|
|
Direct Labor
|
29,000
|
|
Purchases of Raw Materials
|
102,000
|
|
Manufacturing Overhead
|
20,000
|
What is the cost of direct materials used?