Magnus Industries has the following data: $$\begin{array} { | l | l | }
\hline \text { Beginning raw materials inventory } & \$ 75,000 \
\hline \text { Materials purchased } & 40,000 \
\hline \text { Ending raw materials inventory } & 60,000 \
\hline
\end{array}$$ Calculate the cost of raw materials used.

Question

Magnus Industries has the following data: $$\begin{array} { | l | l | } 
\hline \text { Beginning raw materials inventory } & \$ 75,000 \
\hline \text { Materials purchased } & 40,000 \
\hline \text { Ending raw materials inventory } & 60,000 \
\hline
\end{array}$$ Calculate the cost of raw materials used.

Quizplus · Accepted Answer

The Answer of Magnus Industries has the following data: $$\begin{array} { | l | l | } 
\hline \text { Beginning raw materials inventory } & \$ 75,000 \
\hline \text { Materials purchased } & 40,000 \
\hline \text { Ending raw materials inventory } & 60,000 \
\hline
\end{array}$$ Calculate the cost of raw materials used.

Magnus Industries Has the Following Data Calculate the Cost of Raw Materials Used