At the beginning of 1997, Husker Company had direct materials inventory totaling
$40,000 and Work in Process inventory with an accumulated cost of $60,000.
1997, Husker purchased $200,000 of direct materials and incurred total production costs
(including direct materials costs, direct labor costs, and applied overhead costs) of
At the end of 1997, Huskers physical inventories revealed that direct materials
costing $48,000 and Work in Process with an accumulated cost of $100,000 were on
hand at year-end. Determine the cost of direct materials used in production during 1997.
cannot be determined with the information provided.
Higgins Manufacturing Company reported the following year-end information:
Beginning work in process inventory
Beginning raw materials inventory
Ending work in process inventory
Ending raw materials inventory
Raw materials purchased
How much is Higgins Manufacturing’s cost of goods manufactured for the year?