Solution-What is the cost of materials purchased

What is the cost of materials purchased

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Problem 1: J Company provides the following data for 2014: Beginning RM is 12,000; Ending RM is 13,500; Beginning WIP is 15,100; Ending WIP is 17,600; Beginning FG is 19,500; ending FG is 21,200; Cost of sales is 149,200; Direct labor cost is 50,000; utility cost (OH) is 62,500; Indirect materials used is 5,000 and indirect labor cost is 2,000. What is the cost of materials purchased during 2014?

a. 40 400
b. 35 400
c. 42 600
d. 53 400
e. 34 500

Reference no: EM132770483

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What is the cost of materials purchased

Reference no: EM132770483

Reference no: EM132770483

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