White company has the following information at the end of the current year: beginning direct materials inventory $12,000 ending direct materials inventory 10,000 purchases of direct materials 15,000 beginning work-in-process 5,000 ending work-in-process inventory 3,000 what is the cost of direct materials used?

$17,000

Explanation:

Step 1: Determine the formula for the direct material used

= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory

The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.

Step 2: Fit the figures into the formula

Beginning Direct Material = $12,000

Purchases of Direct Materials = $15,000

Closing/ Ending Direct Material = $10,000

Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.

Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.

answer: b 56, 250

explanation:

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.