Compute the amount of raw materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows:
A)$16,000
B)$19,000
C)$23,000
D)$27,000

Question

Compute the amount of raw materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows: 
A)$16,000 
B)$19,000 
C)$23,000 
D)$27,000

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 = $5,000 + $25,000 - $3,000 = $27,000

Compute the Amount of Raw Materials Used During August If