December 31, 2012.
Cost of direct materials used in production for a manufacturing company Saron Manufacturing Company reported the following materials data for the month ending April 30, 2012:
|
Materials purchased |
$860,000 |
|
Materials inventory, April 1 |
350,000 |
|
Materials inventory, April 30 |
300,000 |
Determine the cost of direct materials used in production by Saron during the month ended April 30, 2012.