Solution-What is the cost of materials used in production

What is the cost of materials used in production

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Reference no: EM132907279

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: EM132907279

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What is the cost of materials used in production

Reference no: EM132907279

Reference no: EM132907279

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