Selected information regarding a company's most recent quarter follows (all data in thousands). Direct labor $500 Beginning work in process inventory $ 320 Ending work in process inventory $ 330 Cost of goods manufactured $ 1,560 Manufacturing overhead $ 820 What was direct materials used for the quarter?
Selected information regarding a company's most recent quarter follows (all data in thousands). Direct labor $500 Beginning work in process inventory $ 320 Ending work in process inventory $ 330 Cost of goods manufactured $ 1,560 Manufacturing overhead $ 820 What was direct materials used for the quarter?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.30EP
Related questions
Question
100%
NOTE: Please explain the steps necessary to calculate direct materials used. Thansk!!
![Selected information regarding a company's most recent quarter follows (all data in thousands).
Direct labor
$
500
$
320
Beginning work in process inventory
Ending work in process inventory
$ 330
Cost of goods manufactured
Manufacturing overhead
What was direct materials used for the quarter?
O $250
$1,550
$490
Oº $820
$ 1,560
$ 820](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3fc3ef53-ef76-4c8f-9c49-6c2ebf0a14b7%2F30ec5b2f-6ca4-42f4-b4c7-3e04a684c536%2F61h0ro_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Selected information regarding a company's most recent quarter follows (all data in thousands).
Direct labor
$
500
$
320
Beginning work in process inventory
Ending work in process inventory
$ 330
Cost of goods manufactured
Manufacturing overhead
What was direct materials used for the quarter?
O $250
$1,550
$490
Oº $820
$ 1,560
$ 820
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
Hi! Thanks for the help. When I do this calculation myself I come up with 1,570. Am I doing something wring?
Solution
Recommended textbooks for you
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL