Reference no: EM132719227
Jupiter Inc. had the following activities in the year:
Direct materials balance:
Beginning inventory$72,000
Purchases 304,000
Ending inventory 12,000
Direct manufacturing labour 64,000
Manufacturing overhead 68,000
Ending work in process inventory 20,000
Beginning work in process inventory 4,000
Ending finished goods inventory 152,000
Beginning finished goods inventory 112,000
Problem 1. What is Jupiter's cost of direct materials used during the year?
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