Answered

IDNLearn.com connects you with experts who provide accurate and reliable answers. Discover in-depth and trustworthy answers to all your questions from our experienced community members.

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

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.