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Selected Data Concerning the Past Year's Operations of the Motor

question 57

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Selected data concerning the past year's operations of the Motor City Corporation are as follows:  Selling and administrative expenses $225,000 Direct materials used 467,500 Direct labor ( 50,000 hours)  450,000 Factory overhead aplication rate 8 per DLH \begin{array}{lr}\text { Selling and administrative expenses } & \$ 225,000 \\\text { Direct materials used } & 467,500 \\\text { Direct labor ( } 50,000 \text { hours) } & 450,000 \\\text { Factory overhead aplication rate } & 8 \text { per DLH }\end{array}

 Inventories \text { Inventories }
 Beginning  Ending  Direct material $75,000$67,500 Work in process 112,500135,000 Finished goods 60,00037,500\begin{array}{lrr}&\text { Beginning } &\text { Ending }\\\hline\text { Direct material } & \$ 75,000 & \$ 67,500 \\\text { Work in process } & 112,500 & 135,000 \\\text { Finished goods } & 60,000 & 37,500\end{array}

The cost of direct materials purchased is


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