Cost of Direct Materials Used in Production for a Manufacturing Company Sepulveda Manufacturing Company reported the following materials data for the month ending November 30: Materials purchased $572,400 Materials inventory, November 1 75,700 Materials inventory, November 30 94,800 Determine the cost of direct materials used in production by Sepulveda during the month ended November 30. $fill in the blank 1

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A: Material used in production = Beginning material inventory + Material purchases - Ending material…

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A: Cost of goods manufactured = Beginning Work in process inventory + Total manufacturing costs…

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A: Statement of cost of goods manufactured used to indicates the total cost into different categories.…

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A: The direct materials used is calculated as follows : Beginning direct materials + Purchases - Ending…

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A: Material Consumed may be calculated using following equation: Material Consumed = Opening Material +…

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A: Formula: Gross profit = Sales - Cost of goods sold

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A:

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A: Below are the required figures:

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