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Calculate the ending materials inventory cost

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Reference no: EM132952066

Question - ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information:

Total materials (direct and indirect) purchased$93,200 Indirect materials issued to production 27,100 Total materials issued to production 119,000 Beginning materials inventory 52,900

Required - Calculate the ending materials inventory cost?

Reference no: EM132952066

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