Cottonwood,Inc.has the following information regarding its Raw Materials Inventory account:
$\begin{array}{ll}
\text { Direct materials used during the month } & \$ 672,700 \
\text { Raw materials purchased during the month } & \$ 683,200 \
\text { Ending balance Raw Materials Inventory } & \$ 21,250
\end{array}$ What is the beginning balance of Cottonwood's Raw Materials Inventory account?

Question

Cottonwood,Inc.has the following information regarding its Raw Materials Inventory account:
 $\begin{array}{ll}
\text { Direct materials used during the month } & \$ 672,700 \
\text { Raw materials purchased during the month } & \$ 683,200 \
\text { Ending balance Raw Materials Inventory } & \$ 21,250
\end{array}$ What is the beginning balance of Cottonwood's Raw Materials Inventory account?

Quizplus · Accepted Answer

The Answer of Cottonwood,Inc.has the following information regarding its Raw Materials Inventory account:
 $\begin{array}{ll}
\text { Direct materials used during the month } & \$ 672,700 \
\text { Raw materials purchased during the month } & \$ 683,200 \
\text { Ending balance Raw Materials Inventory } & \$ 21,250
\end{array}$ What is the beginning balance of Cottonwood's Raw Materials Inventory account?

Cottonwood,Inc What Is the Beginning Balance of Cottonwood's Raw Materials Inventory