Winslett Company had a $34,000 beginning balance in its raw materials inventory and a $30,000 ending balance.During the period $197,000 of raw materials was purchased.What amount of raw materials was used?
A)$201,000
B)$197,000
C)$193,000
D)$ 4,000

Question

Quizplus · Accepted Answer

The amount of raw materials used is calculated as: Beginning Inventory + Purchases - Ending Inventory = $34,000 + $197,000 - $30,000 = $201,000.

Winslett Company Had a $34,000 Beginning Balance in Its Raw