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Calculate the value of opening direct materials inventory

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Reference no: EM132980852

Question - A manufacturing firm has provided the following information on their production:

Production (units) 5,000

Direct Materials used in Production $55,000

Direct labour $20,000

Overhead $45,000

Sales $700,000

Purchases Direct Materials $53,209

Closing Direct Materials Inventory $10,725

Opening Finished Goods Inventory (1300 units) $7,000

Closing Finished Goods Inventory (100 units) $4,000

Required - Calculate the value of Opening Direct Materials Inventory?

Reference no: EM132980852

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