Solution-How much is the cost of direct materials

How much is the cost of direct materials transferred

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Reference no: EM131815279

Mitchell, Inc. manufactures calculators and employs an actual costing system. During March, Mitchell's transactions and accounts included the following:

Sales	$320,000	Raw materials inventory, beginning	$6,500
Raw materials acquired (cash paid)	135,000	Raw materials inventory, ending	5,800
Raw materials received on account	30,000	Finished goods inventory, beginning	11,200
Direct labor cost incurred	42,000	Finished goods inventory, ending	12,400
Cost to deliver products to customers	800	Work in process inventory, beg.	18,700
Total manufacturing overhead incurred	72,000	Work in process inventory, ending	19,700

A. How much is the cost of direct materials transferred to production during June?

Reference no: EM131815279

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How much is the cost of direct materials transferred

Reference no: EM131815279

Reference no: EM131815279

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