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Question Content Area Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 621,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are as follows:Material A 0.50 lb. per unit @ $0.73 per poundMaterial B 1.00 lb. per unit @ $1.86 per poundMaterial C 1.20 lb. per unit @ $1.21 per poundThe dollar amount of material A used in production during the year is a. $1,116,000 b. $871,200 c. $226,665 d. $219,000

Question Content Area Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 621,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are as follows:Material A 0.50 lb. per unit @ $0.73 per poundMaterial B 1.00 lb. per unit @ $1.86 per poundMaterial C 1.20 lb. per unit @ $1.21 per poundThe dollar amount of material A used in production during the year is a. $1,116,000 b. $871,200 c. $226,665 d. $219,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  1. Question Content Area

    Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 621,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are as follows:

    Material A 0.50 lb. per unit @ $0.73 per pound
    Material B 1.00 lb. per unit @ $1.86 per pound
    Material C 1.20 lb. per unit @ $1.21 per pound

    The dollar amount of material A used in production during the year is

    a. $1,116,000
    b. $871,200
    c. $226,665
    d. $219,000
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