Vision-Right Eyewear manufactures discount eyeglasses. The company is trying to determine the amount of plastic material used in production during the current year. The inventory manager has in his records that the beginning inventory for the plastic material was $28,000 and that the ending inventory for the plastic material is $33,000, both based on a physical count. After contacting the purchasing department, it was determined that three separate purchases were made during the year as follows: How much of the plastic material was used to produce glasses during the current year?

Question

Vision-Right Eyewear manufactures discount eyeglasses. The company is trying to determine the amount of plastic material used in production during the current year. The inventory manager has in his records that the beginning inventory for the plastic material was $28,000 and that the ending inventory for the plastic material is $33,000, both based on a physical count. After contacting the purchasing department, it was determined that three separate purchases were made during the year as follows:  How much of the plastic material was used to produce glasses during the current year?

Quizplus · Accepted Answer

Raw Materials Used = Beginning Direct Materials Inventory + Purchases - Ending Direct Materials Inventory; $28,000 + ($42,000 + $37,000 + $55,000) - $33,000 = $129,000.

Vision-Right Eyewear Manufactures Discount Eyeglasses