Raw materials purchased were $18,640 and ending inventory of raw materials was $5,200.If raw materials beginning inventory was 30% of materials used in the process,what was the cost of materials used in production?

Question

Quizplus · Accepted Answer

B)
Purchases - End inventory = Used - Beginning inventory
18,640 - 5,200 = Used - .30 Used
13,440 = .70 Used
13,440 / .70 = 19,200

Raw Materials Purchased Were $18,640 and Ending Inventory of Raw