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The following is the information for the Brendan's Bread bakery company.
Beginning raw materials inventory $53,200
Beginning work in process, inventory 78,400
Ending raw materials inventory 58,100
Ending work in process, inventory 98,000
Direct labor 149,800
Total factory overhead 105,000
Raw material purchases 210,000
What is the cost of materials available?

Sagot :

Parrainidn

Answer: $205,100

Explanation:

Cost of materials is the total amount spent on the materials that were used for production in the current period.

Formula is:

= Beginning raw material inventory + Raw material purchases - Ending raw material inventory

= 53,200 + 210,000 - 58,100

= $205,100

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