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Phoniex University
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Cost of direct materials used in production for a manufacturing company
Rextacular Manufacturing Company reported the following materials data for the month ending June 30, Â 2016:
Â
Materials purchased                                                                            $828,000
Materials inventory, June 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 279,000
Materials inventory, June 30Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 252,000
Â
Determine the cost of direct materials used in production by Rextacular during the month ended June 30,  2016.
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