SW Industries has the following information for a particular month regarding its Raw Materials Inventory account: What is the cost of materials purchased by SW Industries during the month?

Question

SW Industries has the following information for a particular month regarding its Raw Materials Inventory account:  What is the cost of materials purchased by SW Industries during the month?

Quizplus · Accepted Answer

The cost of materials purchased can be calculated by subtracting the beginning inventory ($110,000) from the ending inventory ($150,000) and adding the materials used ($220,300). 
$150,000 - $110,000 + $220,300 = $260,300. Therefore, the answer is (B).

SW Industries Has the Following Information for a Particular Month