Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). What was direct materials used?

Question

Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted).  What was direct materials used?

Quizplus · Accepted Answer

Direct materials used can be calculated using the formula: Beginning raw materials inventory + Purchases of raw materials – Ending raw materials inventory = Direct materials used. Applying the formula, we get Direct materials used = $200 + $800 - $580 = $420. Therefore, the correct answer is option C.

Selected Financial Information for Brookeville Manufacturing Is Presented in the Following