Solution-Direct materials purchased during the year

Direct materials purchased during the year

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Reference no: EM13878475

The following balances are from the accounts of Todd Machining Company:

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Direct materials purchased during the year amount to $598,000, and the cost of goods sold for the year was $2,172,400.

Required :
Reconstruct a cost of goods sold statement and fill in the following missing data:
a. Cost of direct materials used during the year.

b. Cost of goods manufactured during the year.

c. Total manufacturing costs incurred during theyear.

Reference no: EM13878475

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Direct materials purchased during the year : The following balances are from the accounts of Todd Machining Company:

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Direct materials purchased during the year

Reference no: EM13878475

Reference no: EM13878475

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