Mounce's Chocolate Delight's bakery had $2,000 of raw materials in inventory at the beginning of the month.During the month Mounce used $45,000 of materials and had $1,500 in ending inventory.How much inventory did the bakery purchase during the month?

Question

Quizplus · Accepted Answer

Beginning inventory + Purchases - Ending inventory = Materials used$2,000 + Purchases - $1,500 = $45,000Purchases = $45,000 + $1,500 - $2,000Purchases = $44,500

Mounce's Chocolate Delight's Bakery Had $2,000 of Raw Materials in Inventory