Given the following data: $$\begin{array} { | l | l | }
\hline \text { B eginning raw materials inventory } & { \$ 30,000 } \
\hline \text { Materials purchased } & 65,000 \
\hline \text { Ending raw material s inventory } & 40,000 \
\hline
\end{array}$$ What is the amount of raw materials used?
A) $5,000
B) $55,000
C) $75,000
D) $30,000

Question

Given the following data: $$\begin{array} { | l | l | } 
\hline \text { B eginning raw materials inventory } &  { \$ 30,000 } \
\hline \text { Materials purchased } & 65,000 \
\hline \text { Ending raw material s inventory } & 40,000 \
\hline
\end{array}$$ What is the amount of raw materials used?
A) $5,000
B) $55,000
C) $75,000
D) $30,000

Quizplus · Accepted Answer

The raw materials used is calculated as: Beginning Inventory + Purchases - Ending Inventory = $30,000 + $65,000 - $40,000 = $55,000.

Given the Following Data What Is the Amount of Raw Materials Used? A) $5,000

Given the Following Data What Is the Amount of Raw Materials Used?
A) $5,000