# Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory

Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.)

January 1 December 31
Inventories Raw materials inventory $7,600$9,600
Work in process inventory 14,600 9,000
Finished goods inventory 10,500 5,900
Activity during current year

## This Post Has 2 Comments

1. kyliefetters11 says:

Cost of direct materials= $119,560 Explanation: Giving the following information: January 1 Raw materials inventory$6,600

Materials purchased $130,500 December 31 Raw materials inventory$11,600

Cost of direct materials= beginning inventory + purchases - ending inventory

Cost of direct materials= 6600 + 130500 - 11600= $119,560 2. jasonlawrencejr6844 says: Cost of direct materials used$121,500

Explanation:

Raw material inventory $7600 Add material purchased$123,500

Raw material available for production $131,100 Less raw material inventory$9,600

Cost of direct materials used \$121,500