Current information for the Healey Company follows: Beginning raw materials inventory $ 16,400 Raw material purchases 61,200 Ending raw materials inventory 17,800 Beginning work in process inventory 23,600 Ending work in process inventory 29,200 Direct labor 44,000 Total factory overhead 31,200 All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:

Question

Business

Jarrett Bates

7 January, 20:22

Current information for the Healey Company follows: Beginning raw materials inventory $ 16,400 Raw material purchases 61,200 Ending raw materials inventory 17,800 Beginning work in process inventory 23,600 Ending work in process inventory 29,200 Direct labor 44,000 Total factory overhead 31,200 All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:

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Answers (1)

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Kelsey Neal · Answer 1

Healey Company's direct materials used for the year is $207400.

Explanation:

Raw materials used = Opening Inventory of Raw materials + raw materials purchases - Closing inventory

= 16400 + 61200 - 17800

= $207,400

Therefore, Healey Company's direct materials used for the year is $207400.