Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows:

A) $31,500
B) $29,500
C) $27,000
D) $33,000

Question

Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows:

A) $31,500 
B) $29,500 
C) $27,000 
D) $33,000

Quizplus · Accepted Answer

Raw materials used in production = Beginning raw materials inventory + Purchases of raw materials - Ending raw materials inventory
Raw materials used in production = $7,000 + $30,000 - $4,000 = $33,000

Compute the Amount of Raw Materials Used During November If