Alpha Company manufactures computers. On July 1, Alpha had $74,000 of materials in inventory. During the month of July, the company purchased $330,000 of materials. On July 31, materials inventory equaled $47,000. Determine the cost of direct materials used in production for the month of July. O a. $283,000 O b. $303,000 O c. $404,000 d. $357,000

Alpha Company manufactures computers. On July 1, Alpha had $74,000 of materials in inventory. During the month of July, the company purchased $330,000 of materials. On July 31, materials inventory equaled $47,000. Determine the cost of direct materials used in production for the month of July. O a. $283,000 O b. $303,000 O c. $404,000 d. $357,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...

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