Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows:
A)$31,500
B)$29,500
C)$27,000
D)$33,000

Question

Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: 
A)$31,500 
B)$29,500 
C)$27,000 
D)$33,000

Quizplus · Accepted Answer

Raw materials used in production = Beginning raw materials inventory + Purchases of raw materials - Ending raw materials inventory
Raw materials used in production = $7,000 + $30,000 - $4,000 = $33,000

Compute the Amount of Raw Materials Used During November If