Question

Current information for the Healey Company follows : Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead $ 15,700 60,500 17,100 22,900 28,500 43,30030,500 All raw materials used were traceable to specific units of product . Healey Company's direct materials used for the year is :

Answer 1

Answer:

$59,100

Explanation:

Given the above information, the computation of direct materials used is seen below.

Direct materials used = Beginning raw materials inventory + Purchase of raw material - Ending raw material inventory

= $15,700 + $60,500 - $17,100

= $59,100

Therefore, Healey company's direct materials used for the year $59,100