Selected information regarding a company's most recent quarter follows (all data in thousands). Direct labor $500 Beginning work in process inventory $ 320 Ending work in process inventory $ 330 Cost of goods manufactured $ 1,560 Manufacturing overhead $ 820 What was direct materials used for the quarter?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
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NOTE: Please explain the steps necessary to calculate direct materials used. Thansk!!

 

Selected information regarding a company's most recent quarter follows (all data in thousands).
Direct labor
$
500
$
320
Beginning work in process inventory
Ending work in process inventory
$ 330
Cost of goods manufactured
Manufacturing overhead
What was direct materials used for the quarter?
O $250
$1,550
$490
Oº $820
$ 1,560
$ 820
Transcribed Image Text:Selected information regarding a company's most recent quarter follows (all data in thousands). Direct labor $ 500 $ 320 Beginning work in process inventory Ending work in process inventory $ 330 Cost of goods manufactured Manufacturing overhead What was direct materials used for the quarter? O $250 $1,550 $490 Oº $820 $ 1,560 $ 820
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Hi! Thanks for the help. When I do this calculation myself I come up with 1,570. Am I doing something wring?

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