The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending
Raw materials inventory $ 547,000 $ 610.l000
The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
A) $955,000.
B) $892,000.
C) $1,565,000.
D) $408,000.
E) $1,081,000.

Question

Quizplus · Accepted Answer

The raw materials purchased can be calculated using the formula: Beginning Inventory + Purchases - Ending Inventory = Raw Materials Used. Plugging in the values: $547,000 + Purchases - $610,000 = $1,018,000. Solving for Purchases gives $1,081,000.

The Following Information Relates to the Manufacturing Operations of the Abbra