Peyton Manufacturing has the following data:

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If the cost of goods manufactured for the year was $565,000, what was the amount of direct materials used during the year?
A) $155,500.
B) $140,500.
C) $150,000.
D) $145,500.
E) None of the answers is correct.

Question

Peyton Manufacturing has the following data:

- 
If the cost of goods manufactured for the year was $565,000, what was the amount of direct materials used during the year?
A) $155,500. 
B) $140,500. 
C) $150,000. 
D) $145,500. 
E) None of the answers is correct.

Quizplus · Accepted Answer

Direct materials are a component of cost of goods manufactured.

Peyton Manufacturing Has the Following Data