4:17Y ll ll 55%जागरणBeginning raw materials inventory was $32,000.During the month, $276,000 of raw material waspurchased. A count at the end of the monthrevealed that $28,000 of raw material was stillpresent. What is the cost of direct materialused?a. $276,000b. $272,000c. $280,000d. $ 2,000

Direct material used = Opening Stock + Raw materials purchased - Closing Stock

Answered: present. What is the cost of direct…

Business

Accounting

present. What is the cost of direct material used?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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