Ask Question
8 November, 10:55

Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 140,500 $ 133,450 Work in process inventory 92,000 112,750 Direct materials 125,750 140,150 Costs incurred during the period are as follows: Total manufacturing costs $ 910,000 Factory overhead 206,000 Direct materials used 161,950 Materials purchases are calculated to be:

+3
Answers (1)
  1. 8 November, 14:23
    0
    The material purchase is $176,350

    Explanation:

    The computation of material purchase is to be done by applying the formula which is shown below:

    = Direct material used + ending balance of direct materials - beginning balance of direct material

    = $161,950 + $140,150 - $125,750

    = $176,350

    The other items which are mentioned in the question are irrelevant. Hence, it is not to be considered in the computation part.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 140,500 $ 133,450 Work in ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers