On the costs of goods manufactured schedule the item raw materials inventory (ending) appears as a(n)
A) addition to raw materials purchases.
B) addition to raw materials available for use.
C) subtraction from raw materials available for use.
D) subtraction from raw materials purchases.

Question

Quizplus · Accepted Answer

Raw materials inventory (ending) represents the amount of raw materials that are still available for use but were not used in production during the period. Therefore, it should be subtracted from the raw materials available for use to arrive at the total amount of raw materials used in production.

On the Costs of Goods Manufactured Schedule the Item Raw