The following information is available for the year ended December 31:
$\begin{array}{lr}
\text { Beginning raw materials inventory } & \$ 2,500 \
\text { Raw materials purchases } & 4,000 \
\text { Ending raw materials inventory } & 3,000 \
\text { Office supplies expense } & 1,000
\end{array}$
The amount of raw materials used in production for the year is:
A) $4,100
B) $5,100
C) $3,500
D) $6,500
E) $4,000

Question

The following information is available for the year ended December 31:
$\begin{array}{lr}
\text { Beginning raw materials inventory } & \$ 2,500 \
\text { Raw materials purchases } & 4,000 \
\text { Ending raw materials inventory } & 3,000 \
\text { Office supplies expense } & 1,000
\end{array}$ 
The amount of raw materials used in production for the year is:
A) $4,100
B) $5,100
C) $3,500
D) $6,500
E) $4,000

Quizplus · Accepted Answer

The amount of raw materials used is calculated as: Beginning Inventory + Purchases - Ending Inventory = $2,500 + $4,000 - $3,000 = $3,500.

The Following Information Is Available for the Year Ended December