Reference no: EM133185153
Question - Barricades Corporation provided the following information for the year 2015:
Beginning Balance-Work-in-Process $24,000
Inventory Ending Balance-Work-in-Process Inventory 56,000
Beginning Balance-Raw Materials Inventory 84,000
Ending Balance-Raw Materials Inventory 60,000
Purchases-Raw Materials 380,000
Direct Labor 470,000
Indirect Materials 47,000
Indirect Labor 19,000
Depreciation on Factory Plant & Equipment 24,000
Plant Utilities & Insurance 270,000
Required - What was the amount of direct materials used in production during 2015?