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Find the ending materials inventory cost

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Question - ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information:

Total materials (direct and indirect) purchased $93,200

Indirect materials issued to production 27,100

Total materials issued to production 119,000

Beginning materials inventory 52,900

Required - Find the ending materials inventory cost?

Reference no: EM132955032

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