Exhibit 18-2 Makeby Corporation makes sharbees. The following data are available on December 1, 2011:

-Refer to Exhibit 18-2. Given the information above, cost of materials to be used in December is:

Question

Exhibit 18-2 Makeby Corporation makes sharbees. The following data are available on December 1, 2011:

-Refer to Exhibit 18-2. Given the information above, cost of materials to be used in December is:

Quizplus · Accepted Answer

The cost of materials to be used in December is calculated by adding the beginning inventory of materials ($3,024) to the materials purchased during the month ($10,672) and then subtracting the ending inventory of materials ($4,768). Therefore, cost of materials to be used in December is $9,928 ($3,024 + $10,672 - $4,768 = $9,928).

Exhibit 18-2 Makeby Corporation Makes Sharbees