Direct Materials Used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in inventory. During the month of June, the company purchased $126,000 of materials. On June 30, materials inventory equaled $51,000. Required: Calculate the direct materials used in production for the month of June.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Direct Materials Used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in inventory. During the month of June, the company purchased $126,000 of materials. On June 30, materials inventory equaled $51,000.

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Calculate the direct materials used in production for the month of June.

 

 

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