Answer
Direct materials inventory, 3/31/2014 = 12,500 + 120,000 - 105,000 = 27,500
Work Step by Step
Direct materials inventory, 3/31/2014 = Direct materials inventory, 3/1/2014 + Direct materials purchased - Direct materials used
Cost Accounting (15th Edition)
by Horngren, Charles T.; Datar, Srikant M.; Rajan, Madhav V.
Published by
Prentice Hall
ISBN 10:
0133428702
ISBN 13:
978-0-13342-870-4
Chapter 2 - An Introduction to Cost Terms and Purposes - Assignment Material - Problems - Page 63: 2-39(3)
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