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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Cost of direct materials used in production for a manufacturing company

Okaboji Manufacturing Company reported the following materials data for the month ending November 30:

Materials purchased $490,900
Materials inventory. November 1 64,900
Materials inventory, November 30 81,300

Determine the cost of direct materials used in production by Okaboji during the month ended November 30.

To determine

Direct Material cost:

Direct material cost is the cost of the material which is directly involved in the production. It constitutes the major portion of the total cost of the finished product. For example: The cost of plastic is the direct material for manufacturing a bottle.

To determine: The cost of direct materials used in production by Company OM during the month ended November 30.

Explanation

The cost of direct materials used in production by Company OM during the month ended November 30 is $474,500.

Determine the cost of direct materials used during the month ended November 30 by the Company OM.

Particulars $
Materials inventory, November 1

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