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What is the cost of materials used in production

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Question - Inventory balances for the James Enterprises in February 2011 are as follows:

 

February 1, 2011

February 28, 2011

Raw materials

$27,000

$21,000

Work in process

48,000

37,200

Finished goods

108,000

90,000

During February, purchases of direct materials were $36,000. Direct labor and factory overhead costs were $60,000 and $84,000, respectively.

Required - What is the cost of materials used in production?

A. $36,000

B. $47,800

C. $54,000

D. $42,000

Reference no: EM132906003

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