McCoy Company manufactures tables.The beginning balance of Raw Material Inventory was $5,500;raw material purchases of $31,500 were made during the month.At month end,$8,200 of raw material was on hand.Raw material used during the month was
A)$28,800
B)$31,500
C)$37,000.
D)$39,200

Question

Quizplus · Accepted Answer

The raw material used during the month is calculated as: Beginning Raw Material Inventory + Raw Material Purchases - Ending Raw Material Inventory = $5,500 + $31,500 - $8,200 = $28,800.

McCoy Company Manufactures Tables