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Question - Jewelita Manufacturing began the month of February with the following inventories.
Direct Materials Inventory $1000
Work in Process Inventory $750
Finished Goods Inventory $1770
During the month, Jewelita purchased $5900 in direct materials and used $5920 in direct labor. At the end of the month, the inventory values for Jewelita Manufacturing were as follows.
Direct Materials Inventory $1590
Work in Process Inventory $640
Finished Goods Inventory $1400
Jewelita had $3950 in manufacturing overhead costs for February. What was the cost of the direct materials used in production during February?
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