Current information for the Healey Company follows:

All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:
A) $58,600.
B) $60,000.
C) $75,200.
D) $76,600.
E) $61,400.

Question

Current information for the Healey Company follows:

All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:
A) $58,600. 
B) $60,000. 
C) $75,200. 
D) $76,600. 
E) $61,400.

Quizplus · Accepted Answer

Direct materials used = Beginning Raw Materials + Raw Materials Purchased − Ending Raw Materials = $15,200 + $60,000 − $16,600 = $58,600 11eaadfd_cdcc_bf3f_95d8_597a86c518c7_TB6948_00

Current Information for the Healey Company Follows