Myers Company is preparing the raw materials ending inventory budget.Which of the following items will Myers not need to complete the budget?
A)Beginning raw materials inventory balance
B)Actual production
C)Direct materials used in the production of new
D)Myers will need all of these ans choices to complete the budget.

Question

Quizplus · Accepted Answer

Since Myers is preparing the raw materials ending inventory budget, they would not need to know the actual production since this information does not directly relate to the ending inventory of raw materials. However, Myers would need to know the beginning raw materials inventory balance and the direct materials used in the production of new products to calculate the raw materials ending inventory budget.

Myers Company Is Preparing the Raw Materials Ending Inventory Budget