Assume the following information pertaining to Moonbeam Company:
Beginning
Ending
Finished good inventory
$130,100
$122,100
Work in process inventory
$82,100
$101,700
Direct materials
$115,200
$127,800
Costs incurred during the period are as follows:
Total manufacturing costs
$881,900
Factory overhead
$194,800
Direct materials used
$154,100
Materials purchases are calculated to be:
$281,900
$862,300
$166,700
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