The beginning balance of the raw materials inventory account for May was $27,500.The ending balance for May was $28,750,and $128,900 of raw materials were used during the month.What was the cost of the materials purchased during the month?
A) $131,300.
B) $127,650.
C) $130,150.
D) $157,650.= 128,900 + 28,750 - 27,500 = $130,150

Question

Quizplus · Accepted Answer

The cost of materials purchased is calculated as: Beginning balance + Purchases - Ending balance = Materials used. Rearranging gives Purchases = Materials used + Ending balance - Beginning balance = $128,900 + $28,750 - $27,500 = $130,150.

The Beginning Balance of the Raw Materials Inventory Account for May