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Compute the total direct materials used by Varries Company

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Question - Varries Manufacturing Company produces many different kinds of calculators. The following are the raw materials the production team uses:

Alloy

Plastic

Copper

At the beginning of the year, the total raw materials amounted to Php 420,000 which is distributed as follows: 45% for Alloy, 25% for Plastic and 30% for Copper.

Purchases for Alloy amounted to Php 252,000 while Copper purchases were Php 348,000. The amount of Plastic purchases is half the amount of the purchases for Copper.

Ending inventory for Plastic is Php 98,000, Alloy is Php 110,000, and Copper is Php 125,000.

Required - Compute the total direct materials used by Varries Company for 2021.Required to answer.

Reference no: EM132766159

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