How do I compute purchases? This Question: 5 pts 4 or 4 (4 complete) This Quiz:

Question

How do I compute purchases?

This Question: 5 pts 4 or 4 (4 complete) This Quiz: 15 pts possible West hoe Company makes afers. During the most recent year West curred otal manufactu ng costs of S 1 600,000. Of s amount, $2.000,000 was direct materials used and 31 0 00 vas direct labor. Begin in for the year were Direct Materials, $600,000, Work-in-Process Inventory, $800,000; and Finished Goods Inventory, 1,300,000. At the end of the year, balances were Direct Materials, $500,000; Work-in-Process Inventory, $1,900,000; and Finished Goods Inventory, $1,320,000. balances Read the requirements Ending Uirect Materials

Explanation / Answer

Opening stock + Purchases - Closing Stock = Direct Materials Used

600000+ Purchases - 500000 = 2800000

Purchases = 2700000 $

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