XYZ Co. used $200,000 of direct materials during June. At June 30, XYZ’s direct materials inventory was $30,000 more than it was at June 1.

Start networking and exchanging professional insights

Next Question:
Co. used $200,000 of direct materials during June. At June 30, Atlantic’s direct...
Posted by:
Moataz Ali Sobhi
10-January-2015

What were XYZ ' s direct materials purchases during June?

A. $30,000

B. $170,000

C. $200,000

D. $230,000

Accounting CMA

Question added by Deleted user
Date Posted: 2015/02/19

Upvote (0) Views (5) Followers (3) Answers (3) Report Question

Write an Answer
Register now or log in to answer.

3 Answers

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option D >>>>>>>>>>>>>>>> $230,000

Upvote (2)

Downvote Reply () Report

by Muhamamd Muneeb Saeed

Inventory Purchased = CL-Op+Used

X=30000 More than Op + Utilized Material (200,000) =230,000

D. $230,000

Upvote (1)

Downvote Reply () Report

by Umer Sharif , Consultant Lead Financial, Functional, Implementation of Infor ERP Syteline ‚ Eccountant & SmartHCM. , Bin Rasheed Technology Pvt Ltd.

230000..............................ok

Upvote (0)

Downvote Reply () Report

More Questions Like This

On January 2, Year 1, XYZ Co. purchased as a long-term investment 10,000 shares of Mill Corp.’s common stock for $40 a share.
Top Answer: The Correct option is D)40,,000 The rational of the option is that total loss realized by XYZ co is ${(4 ... See More

Answers (3)
Prepare the required jrl entries on May 31st and June 30th assuming that the co. maintains its a/cs in U.S dollars and closes its a/s on qrtly basis
Top Answer: Pass entry for Purchase based one Prevailing rate 12000/1.3 in the suppliers account and close the book w ... See More

Answers (2)
The following accounts were abstracted from XYZ Co.’s unadjusted trial balance at December 31:
Top Answer: D. 30,000 When estimating allowance for doubtful accounts using % of accounts receivable, answer woul ... See More

Answers (9)
XYZ Co. had the following sales and accounts receivable balances, prior to any adjustments at year end:
Top Answer: Required amount is $90000. Existing allowance is $50000 so there should be an adjustment of additional $4 ... See More

Answers (5)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

XYZ Co. used $200,000 of direct materials during June. At June 30, XYZ’s direct materials inventory was $30,000 more than it was at June 1.

Popular Searches

More Questions Like This