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What was the cost of the materials used by Beckett in April

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Question - Beckett Industries has the following beginning and ending inventories for the month of April.

April 1 April 30

Direct materials $67,000 $62,000

Work-in-process 145,000 171,000

Finished goods 85,000 78,000

Production data for the month of April is:

Direct labor $200,000 Actual overhead 132,000 Direct materials purchased 163,000 Transportation in 4,000 Purchase Returns and Allowances 2,000

Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over- or underapplied overhead until year-end.

Required - What was the cost of the materials used by Beckett in April?

Reference no: EM132618666

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